Tips & Tricks Given: Loss occurred = 2% If sold for Rs. 44 more then would have gained 20% Concept used: CP =
SP×100
100±gain/loss
Calculation: Let the Cost Price be Rs.100 units then, initial SP will be Rs.98 units As per the question Initial SP + Rs.44 = 120 units (∵ 20% gain) ⇒(120−98)units=Rs.44 ⇒ 22 units = Rs. 44 ⇒1unit=Rs.44/22=Rs.2 ∴ Cost price of the article is Rs. 200