A purchased an article for Rs 1300. She sold the article at 12% 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.
Amount received by A after selling the article = 1.12 × 1300 = Rs. 1456 Therefore, selling price of the purse for the seller = 1456 + 400 = Rs. 1856 Let the cost price of the purse for the seller be Rs. x According to the question, 1.25x = 1856 Or, x = 1856/1.25 = 1484.8 Therefore, cost price of the purse for the seller = Rs. 1484.80
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