Question
A trader sells an article for ₹425 and loses 15%. At
what price (in ₹) should he sell the article to earn 5% profit?Solution
The cost price of the article = 100/(100 - 15) × 425 = (100/85) × 425 = Rs. 500 The required selling price = (100 + 5)/100 × 500 = (105/100) × 500 = Rs. 525
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