An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs. 31200, then what is the cost price (in Rs.)?
20000
Successive gains multiply: \(SP = CP\times 1.30\times 1.20 = 1.56\,CP\).
\[CP = \frac{31200}{1.56} = 20000\]
Therefore the cost price is Rs. 20000.
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Important Questions from Successive Selling
The increase in the price of a certain item was 25%. Then the price was decreased by 20% and then again increased by 10%. What is the resultant increase in the price?
- The selling price of 24 articles is equal to the cost price of 26 articles. If, due to a change in market conditions, the selling price of each article decreases by $10\%$ and the cost price of each article increases by $5\%$, what will be the new gain or loss percentage (correct to two decimal places)?
Anil bought some articles at 6 for Rs. 8 and sold them at 10 for Rs. 12. His percentage loss or gain is:
The price of an article becomes Rs. 63 after a decrease of 30 percent. Find the original price. (in Rs.)
A man buys an article for 10 percent less than its value and sells it for 10 percent more than its value. His profit or loss percent is:
