Question
Asha bought a dress and sold it at a profit of 20%. Had
she bought it for Rs. 400 less and sold it for Rs. 480 more, she would have earned a profit of 60%. The original cost price of the dress is how much percent more than the reduced cost price of the dress?Solution
Let the original cost price of the dress be Rs. ‘100x’. So the original selling price = 1.20 × 100x = Rs. 120x. Reduced cost price = Rs. (100x – 400). According to question: 1.60 × (100x – 400) = 120x + 480 160x – 640 = 120x + 480 40x = 1120 x = 28. So, the original cost price = Rs 2800 and the reduced cost price = Rs. 2400 So, the desired percentage = 400/2400 × 100 = 16.67%.
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