Question
P made a profit of 25% on an article, while Q sold the same
article for a 24% profit. If P's profit was Rs. 40 more than Q's profit, what was the cost price of the article?Solution
ATQ;
Let the cost price of the article = Rs. ‘x’
Selling price of the article for Shalu = Rs. ‘1.25x’
Selling price of the article for Vicky = Rs. ‘1.24x’
ATQ;
(1.25x – 1.24x) = 40
Or, 0.01x = 40
So, x = 4000
Therefore, cost price of the article = Rs.4,000
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