Question
span >A purchased an article for Rs 3500. She sold the article at 12% profit. She then added Rs 600 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 = 1.12 × 3500 = Rs. 3920
Therefore, selling price of the purse for the seller = 3920 + 600 = Rs. 4520
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 4520
Or, x = 4520/1.25 = 3616
Therefore, cost price of the purse for the seller = Rs. 3616
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