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Ramesh sells an article at a loss of 5%. If he buys it for 30% less price and sells it for Rs. 38.5 less, then his profit will be 20%. What is the cost price (in Rs.) of the article?1). 4502). 3003). 3504). 250 |
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Answer» Let the CP of an article be 100x SP of the article = cost price - LOSS% of cost price = 100x - 5% of 100x = 95x ⇒ New CP of the article = 100x - 30% of 100x = 100x - 30X = 70x ⇒ New SP of the article = 70x + 20% of 70x = 70x + 14x = 84X According to the question ⇒ 84x = 95x - 38.5 ⇒ 11x = 38.5 ⇒ x = 3.5 ∴ CP of the article = 100 × 3.5 = 350 |
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