Question

By selling an article for ₹825, a man loses equal to j of its selling price. Find: 
(i) the cost price of the article,
(ii) the profit percent or the loss percent made, if the same article is sold for ₹ 1265.

Answer 1

S.P. of an article = ₹ 825

Loss = `1/3` of S.P. = `1/3 xx 825 = ₹  275`

(i) ∴ C.P. = S.P. + Loss

= ₹  825 + ₹  275 = ₹  1100

(ii) In second case,

S.P. = ₹  1265

∴ Gain = S.P. - C.P.

= ₹  1265 - ₹  1100 = ₹  165

Gain % `= ("gain" xx 100)/"C.P."`

`= (165 xx 100)/1100 = 15 %`