9. An article was sold at a profit of 12%. Had it been sold for Nu 80 more, there would be a profit of 20%. Find
1) the cost price of the article
2)the selling price of the article

The cost price of the article was Nu 1,000

The original selling price was Nu 1,120

The second selling price was Nu 1,200

Step-by-step explanation:

System of Equations

Let's call:

x = Original selling price of the article

y = Cost of the article

The first condition implies that the difference between the selling price and the cost price (the profit) is 12%. Recall the profit % is always calculated with respect to the cost, that is, the profit at the first condition is:

0.12y = Original profit

Setting up the equation, we have:

The second condition states the selling price is 80 Nu more than before, that is:

x+80= Second selling price of the article

y = Cost of the article (it doesn't change)

The profit of this condition is 20%, thus:

0.2y = Second profit

This produces a second equation:

Let's put both equations together to form a system of equations:

Operating on both equations:

Equating both equations, we have an equation with only y's:

Subtracting 1.2y on each side:

Operating:

Solving:

a)

The cost price of the article was Nu 1,000

b) The selling price of the article will be calculated in both cases:

Original selling price: x=1.12y= 1.12*1000=1,120

The original selling price was Nu 1,120

The second selling price was x+80=1,200

The second selling price was Nu 1,200

the answer is c. 23/3