Question
A merchant sold an article at 20% profit and bought
another article with the proceeds. He then sold the second article at a 25% profit. If the original cost price was ₹5,000, what was the final selling price?Solution
First selling price = ₹5,000 × (1 + 20/100) = ₹6,000. Second selling price = ₹6,000 × (1 + 25/100) = ₹7,500.
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