Question

An article when sold at a profit of 5% yields Rs 50 more than when sold at a loss of 5%. What was the cost price of the article?

help!!​

Answer 1

Rs 500

Explanation:

Profit = 5%

Loss = 5%

For CP

Profit = 1.05x

Loss = 0.95x

Given Condition:

Let CP be x

1.05 x = 50 + 0.95x

=> 1.05x-0.95x = 50

=> 0.1 x = 50

Dividing both sides by 0.1

=> x = Rs 500

Answer 2

Rs. 500

Explanation:

CP= x

SP at 5% profit= 1.05x

SP at 5% loss= 0.95x

The difference= Rs. 50

• 1.05x- 0.95x= 50
• 0.1x= 50
• x= 50/0.1
• x= 500

CP is Rs. 500