1.

A shopkeeper sold some articles @ 35 per article and earned a profit of 40%. At what price each article should have been sold so that 60% profit was earned?

Answer»

40



SP = 140% of CP;

:. CP = 35 × 100/140 = 25

Then, 60% of CP = 2.5 × 6 = 15

To set a PROFIT of 60% the SP = 25 + 15 = 40.



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