A person buys some 5 - per cent, stock; if the price had been Rs. 5 less he would have received one per cent. more interest on his money: at what price did he buy the stock?
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Let. the CP of the article be Rs.100.
Then, SP = Rs.105
If CP = Rs.95
New SP = Rs.104.5
If he sells it for Rs.0.5 less than CP = Rs.100
If he sells it for Rs.1 less than CP
= 1000.5×1 = Rs.200
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