A vendor gets a profit in percentage equal to the cost price of a flower pot when he sells it for 96. Find the cost of the flower pot and the percentage of profit.
let C.P of flowerpot be x.
⇒ Profit = x%
If C.P = 100, then profit = x.
And, if C.P = x, then Profit –
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We know, C.P + Profit = S.P
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⇒ 100x + x2 = 9600
⇒ x2 + 100x – 9600 = 0
⇒ x2 + (160 – 60)x – 9600 = 0
⇒ x2 + 160x – 60x – 9600 = 0
⇒ x(x + 160) – 60(x + 160) = 0
⇒ (x – 60)(x + 160) = 0
⇒ x – 60 = 0 or x + 160 = 0
⇒ x = 60 or x = – 160
But price cannot be negative.
⇒ x(C.P) = 60
And profit obtained = 60%
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