SOLUTION: A trader sold an article at a profit of 18%. Had it been sold for Rs.222 more, he would have got a profit of 22%. What is the profit or loss percentage.

Question 868910: A trader sold an article at a profit of 18%. Had it been sold for Rs.222 more, he would have got a profit of 22%. What is the profit or loss percentage.
Answer by dkppathak(439) (Show Source): You can put this solution on YOUR website!
A trader sold an article at a profit of 18%. Had it been sold for Rs.222 more, he would have got a profit of 22%. What is the cost price .
Let cp of article is Rs X
sp of article after earning profit of 18% = 1.81 X
if sp is 222 more than 1.18x than profit will be 22%
new sp will be 1.18X+222 (1)
it will earn 22% means new sp would be 1.22 X (2)
as per given conditions equation (1) will be equal to equation (2)
1.22 x =1.18 x +222
1.22 X -1.18 x =222
0.04 X= 222
X = 222/.04 = 22200/4
X= RS 5550

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