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      Question

      A purchased an article for Rs 2500. She sold the

      article at 12% profit. She then added Rs 500 to the amount received and purchased a purse such that the seller of purse gained 20%. Find the cost price of purse for the seller.
      A Rs. 1632.80 Correct Answer Incorrect Answer
      B Rs. 1400 Correct Answer Incorrect Answer
      C Rs. 2750 Correct Answer Incorrect Answer
      D Rs. 1529.60 Correct Answer Incorrect Answer
      E Rs. 2340 Correct Answer Incorrect Answer

      Solution

      Amount received by A after selling the article = 1.12 × 2500 = Rs. 2800
      Therefore, selling price of the purse for the seller = 2800 + 500 = Rs. 3300
      Let the cost price of the purse for the seller be Rs. x
      According to the question, 1.20x = 3300
      Or, x = 3300/1.20 = 2750
      Therefore, cost price of the purse for the seller = Rs. 2750

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