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Fill in the blanks to make the statement true.By selling an article for Rs 1,12,000 a girl gains 40%. The cost price of the article was _______ |
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Answer» Rs.80000 Explanation: Selling price of the article = ₹112000 Gain% = 40% Say, x is the cost price of the article. Since, cost price = selling price – profit % on cost price Therefore, Selling price = cost price + profit % on cost price Hence, 112000 = x + x × (40/100) 112000 = x + (2/5)x 112000 = 7x/5 x = (112000 × 5)/7 x = 80000 |
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