A man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?
Question
A man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?
Solution
Sure, let's solve this step by step.
Step 1: Let's assume the cost price of the article is Rs. x.
Step 2: According to the problem, the man sold the article at a profit of 12%. So, the selling price of the article is 112% of x, which is 1.12x.
Step 3: The problem also states that if he had charged Rs.60 more, his profit would have been 30%. So, the selling price would have been 130% of x, which is 1.3x.
Step 4: According to the problem, the difference between these two selling prices is Rs.60. So, we can set up the equation 1.3x - 1.12x = 60.
Step 5: Solving this equation gives x = 60 / 0.18 = Rs. 333.33.
So, the cost price of the article is Rs. 333.33.
Similar Questions
Select the correct answerA man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?Options276.93312.9None of these546.3
P buys an article for Rs. 50 and sold it to Q at a profit of 10%, then Q sold it to R at aprofit of 25%.What does R paid for it?
After selling 20 articles, a man earns a profit equal to the S.P of 6 articles. Find the profit %.40%42674267%30273027%30%
On selling an article for a certain price, a man loses 30 %. What his loss/profit per cent, if he sells the article for double the price?A60%B15%C40%D30%
A person sold an article for 30% profit, If he had Bought it for 10% less he would have reduced price by Rs.330 and earns a profit of 20%. What is the cost price of an Article?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.