Question
Ramesh made a profit of 30% on an article, while Suresh
sold the same article for a 22% profit. If Ramesh’s profit was Rs. 54 more than Suresh’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 Ramesh = Rs. ‘1.30x’
Selling price of the article for Suresh = Rs. ‘1.22x’
ATQ;
(1.30x – 1.22x) = 54
Or, 0.08x = 54
So, x = 54 / 0.08 = 675
Therefore, cost price of the article = Rs. 675
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