A purchased an article for Rs 1300. She sold the article at 15% profit. She then added Rs 300 to the amount received and purchased a purse such that the seller of purse gained 25%. Find the cost price of purse for the seller.
Amount received by A after selling the article = 1.15 × 1300 = Rs. 1495 Therefore, selling price of the purse for the seller = 1495 + 300 = Rs. 1795 Let the cost price of the purse for the seller be Rs. x According to the question, 1.25x = 1795 Or, x = 1795/1.25 = 1436 Therefore, cost price of the purse for the seller = Rs. 1436
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