A shopkeeper earns a profit of 15% on selling a radio, whereas if it is sold for 360 less, he suffers a loss of 15%. What is the cost price of the radio for the
shopkeeper?
(1,380 (2) 1,560 (3) 820 (4) 1,200
plzzz.. answer my question fast with explanation ......... want perfect answer
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Answer:
(4) 1,200
Step-by-step explanation:
Let the Cost Price be denoted as CP.
Selling Price = (100+15)% of CP = 115% of CP = 115/100 × CP
New Selling Price = (100-15)% of CP = 85% of CP = 85/100 × CP
According to Question,
115/100 CP - 85/100 CP = 360
=> 30/100 CP = 360
=> CP = Rs.1,200
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