SOLUTION: kunal sold a shirt at a loss of 10 percent. Had he sold it for Rs. 60 more, he would have gained 5 percent on it. Find the cost price of the shirt.

Algebra ->  Finance -> SOLUTION: kunal sold a shirt at a loss of 10 percent. Had he sold it for Rs. 60 more, he would have gained 5 percent on it. Find the cost price of the shirt.      Log On


   



Question 1097605: kunal sold a shirt at a loss of 10 percent. Had he sold it for Rs. 60 more, he would have gained 5 percent on it. Find the cost price of the shirt.
Answer by ikleyn(52787) About Me  (Show Source):
You can put this solution on YOUR website!
.
Let x = "cost price".


From the condition, we know that Kunal (I write it intently with the capital K, since I suppose it is the name of the person)

sold it for 0.9x rupees.


Again, from the condition, we know that 

0.9x + 60 = x*(1+0.05).


It is your equation to solve.

0.9x + 60 = 1.05x  ====>  60 = 1.05x - 0.9x  ====>  0.15x = 60  ====>  x = 60%2F0.15 = 400 rupees.


Answer.  The cost price of the shirt is Rs 400.


        In all languages, the name of person starts with the capital letter.