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ICSE Class 8 Answered

A shopkeeper sold an article at a gain of 5%. If he had sold it for rupees 16.50 less , he would have lost 5%. Find the cost price of the article.
Asked by Ankitnotnani | 16 Nov, 2018, 01:57: PM
answered-by-expert Expert Answer
Let the original cost price be Rs.100.
selling price to get a gain 5% = Rs.105
selling price to get a loss 5% = Rs. 95
 
difference in selling prices = Rs.10
 
If the difference is Rs.10, then original cost price Rs.100
If the difference is Rs.16.50, then original cost price = (100/10)×16.50 =  Rs. 165
Answered by Thiyagarajan K | 16 Nov, 2018, 11:14: PM
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