Question
A shopkeeper sold a school bag at a profit of 36%. Had
he sold the school bag at 16% profit he would have earned Rs.128 less. Find the cost price of the school bag.Solution
Let the cost price of the school bag be Rs.’x’ According to question, => 1.36x – 1.16x = 128 => 0.2x = 128 => x = 640 So, the cost price of the school bag is Rs.640.
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