Question
A purchased an article for Rs 1200. She sold the
article at 10% profit. She then added Rs 500 to the amount received and purchased a purse such that the seller of purse gained 30%. Find the cost price of purse for the seller.Solution
Amount received by A after selling the article = 1.10 × 1200 = Rs. 1320
Therefore, selling price of the purse for the seller = 1320 + 500 = Rs. 1820
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.30x = 1820
Or, x = 1820/1.30 = 1400
Therefore, cost price of the purse for the seller = Rs. 1400
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