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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.
Solution
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 %`
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