An article is sold at a gain of 15%. Had it been sold for

Home » Aptitude » Profit and Loss » Question

An article is sold at a gain of 15%. Had it been sold for $ 27 more, the profit would have been 20%. The cost price of the article is

Let the C.P. of article be $ y, then
According to question ,

∴		120y	-	115y	= 27
		100		100

⇒	5y	= 27
	100

⇒ y =	27 × 100	= $ 540
	5

We can find required answer with the help of given formula :
Here, a = 15%, R = $ 27, b = 20%

C.P. =	R × 100
	b + a

C.P. =	27 × 100
	20 - 15

C.P. =	27 × 100	= $ 540
	5