Question
A sold an article at 65% profit. If the profit earned
had been 210% 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. 165x Therefore, profit earned = 165x – 100x = Rs. 65x New profit = 3.1 × 65x = Rs. 201.5x According to the question, (201.5x/100x) × 100 = 100x Or, x = 2.015 Therefore, actual cost price = 100x = Rs. 201.5
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