an article is sold at 10% gain.if it were sold at 10% loss, the sale price would have been ₹80 less. find purchase price of article

Asked by marisha.mari999 | 12th Jun, 2020, 09:36: AM

Expert Answer:

Let the purchase price or cost price of the article be Rs. x
If the article were sold at 10% loss, the sale price would have been ₹80 less.
Selling price = x - 80
Also, selling price = x - 10% of x = 0.9x
Therefore, x - 80 = 0.9x
x - 0.9x = 80
0.1x = 80
x = 800.

Answered by Renu Varma | 12th Jun, 2020, 12:32: PM