Word Problem 5_
Problem 5: A dealer sales a shirt and gets a profit of 15%. Had he sold it for Rs 4 more, he would have earned profit of 5% more. What is the cost price of the shirt?
Solution:
Let CP of Shirt =x
Profit =P= 15% of x
So it means by formula;
Now according to condition – if he had sold it for 4 Rs more, i-e with , he would earn profit of 20% ( 4% more than earlier!)
So, in this case;
CP=x
P= 20 % of x
Again using formula for profit
Taking 100 to LHS
Now ,
put in above;
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