Question
A loss of 12% is made by selling an article. Had it been
sold for Rs.60 more, there would have been a profit of 8%. What would be the selling price of the article if it is sold at 16% profit?Solution
CP of an article = 60 × 100/[8 – (-12)] = Rs.300 SP at 16% profit = (116/100) × 300 = Rs.348
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