Question
A merchant fixed the selling price of his articles at
675 after adding 35% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 12.5% profit. Find the new selling price.Solution
CP of article be x x = (675 × 100)/135 = Rs. 500 New SP = 500 × 112.5/100 = Rs. 562.50
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