Question

A man sold an article for Rs 396 and gained 10% on it. Find the cost price of the article.

Answer 1

S.P. of article = Rs 396

Gain = 10%

Let cost price = Rs x

$\therefore \text{S.P.}=\frac{x\times (100+10)}{100}=\frac{110}{100}x\therefore \frac{110}{100}x=396\Rightarrow x=\frac{396\times 100}{110}=360$

$\therefore$ Cost price of an article = Rs 360