A man sold a bag at a loss of 8%. Had he been able to sell it at a gai – InterviewSolution

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1.

A man sold a bag at a loss of 8%. Had he been able to sell it at a gain of 7%, it would have fetched Rs 75 more than it did. What is the cost price ?

Answer»

Rs. 500

107% of COST - 92% of cost= 75
or 15% of cost = 75
Therefore, cost = 75 x 100/15 = 500

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