A shopkeeper sells an article for Rs 120 and earns thrice the profit that he would have earned on selling this article for Rs 66. Find the C.P of this article (in Rs).
ATQ, the shopkeeper earns the thrice profit that he would have earned had he sold it for Rs 66. Profit% = 3 (profit %) S.P - C.P = 3 x (S.P - C.P) Let C.P = x 120 - x = 3 x (66 - x) 120 - x = 198 - 3x 2x = 198 - 120 x = 39 Hence, the cost price of the article = 39
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