Question

An article is sold at a price of 1600. By selling it at a discount of 16% the seller makes 12% profit.Find i) the selling price if the article ii) the cost price of the article

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Answer 1

Answer:

C.P of the article = Rs. 1600

Profit = 10%

S.P of the article = Rs. 1600 + (1600 × 10/100) = Rs. (1600 + 160) = Rs. 1760

If S.P = Rs. 1840, ∴ Profit = (1840 - 1600) = 240

∴ Profit percentage = (240/1600) × 100 = 15%

∴ Increase profit percentage = (15 - 10) % = 5%

Step-by-step explanation:

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