Question
A sold an article at 22% profit. If the profit earned
had been 200% 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. 122x Therefore, profit earned = 122x – 100x = Rs. 22x New profit = 3 × 22x = Rs. 66x According to the question, (66x/100x) × 100 = 100x Or, x = 0.66 Therefore, actual cost price = 100x = Rs. 66
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