A loss of 19 % gets converted into a profit o | vedclass

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Question

(A) Let the cost price $(C.P.)$ of the article be $₹ x$.Initial loss is $19 \%$,so the initial selling price $(S.P._1)$ is $x - 0.19x = 0.81x$.New pro

Vedclass · Accepted Answer

$450$

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(A) Let the cost price $(C.P.)$ of the article be $₹ x$.Initial loss is $19 \%$,so the initial selling price $(S.P._1)$ is $x - 0.19x = 0.81x$.New profit is $17 \%$,so the new selling price $(S.P._2)$ is $x + 0.17x = 1.17x$.According to the problem,the difference between the two selling prices is $₹ 162$:$1.17x - 0.81x = 162$$0.36x = 162$$x = \frac{162}{0.36}$$x = \frac{16200}{36} = 450$Therefore,the cost price of the article is $₹ 450$.

$A$ loss of $19 \%$ gets converted into a profit of $17 \%$ when the selling price is increased by $Rs. 162$. The cost price of the article is (in $Rs.$)

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