A man sells a television set at a profit of 10%. If he had

Home » Aptitude » Profit and Loss » Question

A man sells a television set at a profit of 10%. If he had bought it for 10% less and sold it for Rs. 360 less, he would have gained 20%. Find the cost price of the television set.

Let the C.P. of television set be Rs. y.

First S.P. = Rs.	110	y
	100

First S.P. = Rs.	11	y
	10

New C.P. = Rs	9y
	10

New S.P. = Rs.		9y	×	120
		10		100

New S.P. = Rs.	27y
	25

From the question ,

∴		11y	-	27y	= 360
		10		25

⇒	55y - 54y	= 360
	50

⇒ y = 360 × 50 = Rs. 18000