Question
A sold an article at 35% profit. If the profit earned
had been 260% 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. 135x Therefore, profit earned = 135x – 100x = Rs. 35x New profit = 3.6 × 35x = Rs. 126x According to the question, (126x/100x) × 100 = 100x Or, x = 1.26 Therefore, actual cost price = 100x = Rs. 126
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