Question
A shopkeeper sells an article at 20% profit. If he had
bought it at 10% less price and sold it for Rs. 60 more, his profit would have been 50%. Find the original cost price.Solution
Let original cost price = x Original selling price = 1.2x New cost price = 90% of x = 0.9x New selling price = 1.2x + 60 According to question, New selling price = 150% of new cost price So, 1.2x + 60 = 1.5 x 0.9x 1.2x + 60 = 1.35x 0.15x = 60 x = 400
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