A trader sells an article at a 10% loss. Later, he increases the selling price by 15%, making it Rs 54. What was the original cost price of the article?
A trader sells an article at a 10% loss. Later, he increases the selling price by 15%, making it Rs 54. What was the original cost price of the article?
Explanation
Step 1: Define CP
Let the cost price be x.
Step 2: Selling price with 10% loss
That means:
Step 3: Sale time price increases by 15%
This new selling price is:
We are told that this equals 54:
Step 4: Solve for x
1.035≈52.17