Question
A purchased an article for Rs 1560. She sold the
article at 10% profit. She then added Rs 325 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.Solution
Amount received by A after selling the article = 1.10 × 1560 = Rs. 1716
Therefore, selling price of the purse for the seller = 1716 + 325 = Rs. 2041
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 2041
Or, x = 2041/1.25 = 1632.80
Therefore, cost price of the purse for the seller = Rs. 1632.80
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