Question
'H' sells an article at a 20% profit. If he had bought
it at 20% less and sold it for Rs. 40 more, he would have gained 75%. Determine the cost price of the article.Solution
ATQ, Let the cost price of the article be Rs.‘h’. New cost price of the article = Rs.0.8h 0.8x × 1.75 – 1.2h = 40 1.4h – 1.2h = 40 h = 200 So, the cost price of the article = Rs.200
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