An article is marked 10% above the cost price. When the selling
price of an article is increased by 20% the profit gets increased by Rs
96. If the marked price of the article is Rs 440, then find original selling
price.
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ANSWER:
MP=440, Also given
MP=(110/100)×CP,
So CP=Rs 400
Now SP-400=P
And given that, when SP increased by 20%
(120/100)×SP-400=P+96
Solve both equations
the answer is = 480.
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