Question

a retailer sells an article at a loss of 12 1/2 % if he has sold it for 71.75 more would have earned a profit of 8% find his purchased price

Answer 1

Answer:

Rs 350

Step-by-step explanation:

Let say purchased price = x

Loss = ((25/2)/100)x  = x/8

Profit = (8/100)x = 2x/25

2x/25 + x/8  = 71.75

multiplying by 200 on both sides.

16x + 25x = 14350

41x = 14350

x = 350