SOLUTION: A shopkeeper sells an article so as to make 25% on the cost price. If he had sold it for 50 p. more, he would have made 30% profit. What is the selling price?

Question 761446: A shopkeeper sells an article so as to make 25% on the cost price. If he had sold it for 50 p. more, he would have made 30% profit. What is the selling price?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the cost price
Let = the selling price
-------------------------
(1)
(2)
---------------------
Substitute (1) into (2)
(2)
(2)
(2)
(2)
(2)
and
(1)
(1)
(1)
(1)
The selling price is $1,250
check:
(2)
(2)
(2)
OK

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