Let the cost price of article ‘A’ = Rs. ‘100y’ Then, selling price of the article when it is sold at a profit of 32% = 1.32 × 100y = Rs. ‘132y’ And, selling price of the article when it is sold at a loss of 40% = 0.60 × 100y = Rs. ‘60y’ According to the question, 132y – 60y = 162 Or, y = (162/72) Or, y = 2.25 So, cost price of article ‘A’ = 100 × 2.25 = Rs. 225 Therefore, cost price of article ‘B’ = 225 + 77 = Rs. 302
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The selling price of an item rose from Rs. 320 to Rs. 448. Calculate the percentage increase in its price.