If 5 more is gained by selling an article

Asked by admin @ 17/08/2021 in Math viewed by 256 People

if 5% more is gained by selling an article for rupees 350 that by selling at 340 rs then the cost of the article is?

Answered by admin @ 17/08/2021

Let Cost price of the article = Rs X
When SP is Rs 340, then gain %={(340−X)/X}×100
When SP is Rs 350, then gain %={(350−X)/X}×100
Hence Additional % gain {(350−X)/X}− {(340−X)/X}×100
Hence {(350−X)/X}×100− {(340−X)/X}×100 = 5
→35000−100− 34000+ 100X) = 5X
or 5X = 1000
or X = Rs 200

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