If an article is sold at a gain of 5% instead of being sold at a loss of 5%, a man gets Rs. 5 more. What is the cost price of the article?

Question

Philoid · Accepted Answer

Let the CP be x.

When Profit is earned CP = 1.05x

When Loss is incurred CP = 0.95x

According to question,

1.05 × – 0.95 × =5

0.10 × =5

X= 50

So, Cost Price of an article is Rs.50.