A person bought an article and sold it at loss of 10%.If he had bought it for 20% less and sold it for ₹55 more, he would have had a profit of 40% .The CP of the article is:
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rs 250
Step-by-step explanation:
Let the cost price be Rs.x
S.P. = 90% of x = 90100x=9x10
New C.P. = 80% of x = Rs.Rs.4x5
New gain 40%
New S.P. = 140% of 4x5=Rs.2825x
2825x−9x10=55
280x−225x=55×250
55x=55×250
Therefore, x = 250
Cost price. of the article = Rs.250
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