Question
A purchased an article for Rs 2250. She sold the
article at 10% profit. She then added Rs 450 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 × 2250 = Rs. 2475
Therefore, selling price of the purse for the seller = 2475 + 450 = Rs. 2925
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 2925
Or, x = 2925/1.25 = 2340
Therefore, cost price of the purse for the seller = Rs. 2340
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