A shopkeeper bought an article for $400. By selling it at a discount of 18% of the list
price, he made a profit of 22.5
% on the cost. Find the list price.
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Step-by-step explanation:
Given,
CP of article = $400
Profit % = 22.5
SP = (100+Profit%)/100 × CP
= 122.5/100 × 400
= 122.5 × 4
= $490
Discount % = 18
MP = 100/(100-d%)×SP
= 100/82 × 490
= $597.60
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