Question
A sold an article at 50% profit. If the profit earned
had been 250% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.Solution
Let the cost price of the article be Rs. 100x Therefore, selling price of article = Rs. 150x Therefore, profit earned = 150x – 100x = Rs. 50x New profit = 3.5 × 50x = Rs. 175x According to the question, (175x/100x) × 100 = 100x Or, x = 1.75 Therefore, actual cost price = 100x = Rs. 175
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