Question

Rajni sold a pressure cooker at a loss of 8% .Had she bought it at 10% less and sold for Rs.176 more, she would have gained 20% .Find the cost price of the pressure cooker.

Answer 1

Let $CP=x$

Loss$=8\%$

$SP=92\%\times x=0.92x$

If she had bought it at $10\%$ less

Then new $CP=90\%\times x=0.9x$

According to the question

$SP=102\%\times 0.9x$

$0.9x+176=1.2\times 0.9x⟹x=1100$

Hence, cost price of the pressure cooker$=Rs.1,100$.