A dealer gets Rs.940 more if instead of selling a table at a loss of 10%, it is sold at a gain of 10%. Find the cost price of the table.

Question

Philoid · Accepted Answer

Let × be the CP.

In case of 10% loss, SP will be (x-x/10) = 9x/10

In case of 10% profit, SP will be ( × + x/10) = 11x/10

Difference when item is sold between profit and loss = Rs.940

11x/10 – 9x/10 = 940

2x/10 = 940

× = (940 × 10) / 2

= Rs.4700

So, Cost Price of table is Rs.4700.