Question
Praveen sells an article at a profit of 22%. Had he
bought it for 15% less and sold it for Rs. 300 less, he would have gained 36%. What is the cost price of the article?Solution
Let the CP be Rs. 100 and SP be Rs. 122 Now, new CP = Rs. 85 and new SP = 85 × 136/100 = Rs. 115.6 Difference = 122 – 115.6 = Rs.6.4 At, Rs. 6.4 difference, CP = Rs. 100                       At 300 difference, CP = 100 × 300 /6.4 = Rs. 4687.5
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