An article when sold at a gain of 5% yields Rs. 14 more than when sold at a loss of 2%. The cost price of the article is:

• Let CP =100%
  Also by formula SP%=CP%-loss%
  SP%=CP%+Profit%
  Thus we have SP%=105%..in profit
  SP%=98%...in loss
  Thus. (105-98)%=7%
  ATGC......7%=14₹
  Also let CS=x₹
  100%=x₹
  x=(100*14)/7
  x=200₹
• 6 years agoHelpfull: Yes(0) No(0)
• Let original Cost price is x
  Its Selling price = 105/100 * x = 21x/20
  New Cost price = 95/100 * x = 19x/20
  New Selling price = 110/100 * 19x/20 = 209x/200
  [(21x/20) - (209x/200)] = 1
  
  => x = 200
• 5 years agoHelpfull: Yes(0) No(0)