An article is sold at 25% profit.if its c.p and s.p are increased by r.s 20 and r.s 4 respectively, then the profit decreases by 10%.the c.p (in rupees) of that article is...?
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Answers
Given :
Article is sold by 25% profit.
Cost price increased by 20 rs, Selling price increased by 4 rupees.
Profit decreased by 10%.
To find :
Find cost price of article.
Solution :
Lets assume that the cost price of article = x
Article is sold at profite of 25 %,
As, 100% of article = x rupees
Profite of 25 % means that article is sold at the rate of 100 + 25 = 125% rate.
So,
Selling price of article :
so, selling price of article = 1.25 x
In second step,
It is given that cost price is increased by 20 rupees
So
New cost price = Old cost price + 20 = x + 20
and Selling price is increased by 4 rupees,
So
New selling price = Old selling price + 4 = 1.25x + 4
It is said that Profit is decreased by 10%,
so
New profit = Old profit - 10% = 25% - 10% = 15%
As the new profit is 15% it means
New Selling price = 100 + 15 % more than cost price
So
selling price = 1.15 (Cost price)
multiplying by 10 on both sides,
so
x = 190 rupees
As x = Old cost price,
so
Cost price of article = 190 rupees.
Answer:
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