Question
A shopkeeper sold a school bag at a profit of 42%. Had
he sold the school bag at 22% profit he would have earned Rs.124 less. Find the cost price of the school bag.Solution
Let the cost price of the school bag be Rs.’x’ According to question, => 1.42x – 1.22x = 124 => 0.2x = 124 => x = 620 So, the cost price of the school bag is Rs.620.
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