Question

A trader made a profit of 45%
from an article he has sold at GHC
58,000.00. What is the cost price of
the article?


A trader made a profit of 45%
from an article he has sold at GHC
58,000.00. What is the cost price of
the article?

Answer 1

Answer:

Cost price of article=Rs.30

∴ Selling price =Rs.45

Profit made byselling the article =Rs.15

The seller gives back Rs.50 to the neighboring shop.

∴ Total loss =Rs.(50−15)= Rs35

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