A shopkeeper sold an article at a gain of 5% 88 he had sold it for 16.50 less he would have lost 5% find the cost price of the article
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Answer:
Cost price is
Rs. 230
Step-by-step explanation:
Let cost price be Rs. x
Profit =Rs.
100
5x
∴ Selling price =Rs.
100
105x
New selling price =Rs. (
100
105x
−16.50)
Loss =Rs. (x−
100
105x
+16.50)
∴ 5=x−
100
105x
+16.50
or , 1.50=7
100
5x
∴ x=230
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