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      Question

      A purchased an article for Rs 1260. She sold the

      article at 20% profit. She then added Rs 400 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.
      A Rs. 1440 Correct Answer Incorrect Answer
      B Rs. 1400 Correct Answer Incorrect Answer
      C Rs. 1436 Correct Answer Incorrect Answer
      D Rs. 1529.60 Correct Answer Incorrect Answer
      E Rs. 1445 Correct Answer Incorrect Answer

      Solution

      Amount received by A after selling the article = 1.20 × 1260 = Rs. 1512
      Therefore, selling price of the purse for the seller = 1512 + 400 = Rs. 1912
      Let the cost price of the purse for the seller be Rs. x
      According to the question, 1.25x = 1912
      Or, x = 1912/1.25 = 1529.60
      Therefore, cost price of the purse for the seller = Rs. 1529.60

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