A product is sold at a profit of 25% on buying price. If the selling price is reduced by Rs. 12.5, the new profit is 20%. What is the buying price? *
Answers
Answer:
chzyfyfodod788(8888
Given : A product is sold at a profit of 25% on buying price.
selling price is reduced by Rs. 12.5, the new profit is 20%.
To find : buying price
Solution:
Let say Buying Price = Rs C
Profit 25 %
Profit = (25/100)C = 0.25C
Selling Price = C + 0.25C = 1.25C
selling price is reduced by Rs. 12.5,
New Selling Price = 1.25C - 12.5
New Profit = (20/100)C = 0.2C
New Selling Price = C + 0.2C = 1.2C
1.25C - 12.5 = 1.2C
=> 0.05C = 12.5
=> 5C = 1250
=> C = 250
buying price = Rs 250
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