Question

Mohit sells an article at 6% loss. If he had sold it for $Rs.105$ more, he would have gained 9%. Find the cost price of the article ?

Answer 1

Let the cost price be $x$.

For $6\%$ loss,

$S{P}_1=94\%\times x=0.94x$

Given,

For $9\%$ profit,

$SP=109\%\times x=0.94x+Rs.105⟹x=Rs.700$

Hence, cost price of article is $Rs.700$.