Question
A purchased an article for Rs 3500. 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 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 + 500 = Rs. 4420
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 4420
Or, x = 4420/1.25 = 3536
Therefore, cost price of the purse for the seller = Rs. 3536
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