Question

By selling an article for ₹ 825, a man losses an amount equal to 1/3 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 ₹ 1,265.

Answer 1

It is given that

S.P of an article = ₹ 825

Loss = 1/3 of S.P = 1/3 × 825 = ₹ 275

(i) C.P = S.P + Loss

Substituting the values

= 825 + 275

= ₹ 1100

(ii) S.P = ₹ 1265

We know that

Gain = S.P – C.P

Substituting the values

= 1265 – 1100

= ₹ 165

Gain percent = (gain × 100)/ C.P

Substituting the values

= (165 × 100)/ 1100

= 15%