A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.55 more he would have had a profit of 40%. The cost price of the article is___
1) 125 2) 150.5 3) 112.5 4) None; A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.55 more he would have had a profit of 40%. The cost price of the article is___; 1) 125 2) 150.5 3) 112.5 4) None
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The answer is : 4)None
Hope that helps........
Hope that helps........
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Answer:
Step-by-step explanation:
Let CP=100,SP=90%of 100=90[Loss=10%]
New CP=80% of 100=80[Less 20%],New SP=140% of 80=112[Profit=40%]
New SP-SP=(112-90)=22
100 22
? 55
?=(100*22)/55
?=2200/55=200/5=40
So CP of the article is 40
Ans:4)None
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