an article was sold at 20% loss.it is brought at 20% less and sold Rs 30 more then his profit would have been 1/4 of cp.find cp of an article
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800
Article was sold at a loss of 20%.
If it would have been sold at a profit of 5%,he would gain 200 more.
Let C.P. be 100(cost price)
It was sold at a loss of 20%=
100-(20/100*100)=80%
Gain of 5% means =100+5=105%
If he would sold at a gain of 5% ,he would have earned 200 more.
=105%–80%=200
=25%=200
If 25% =200 then 100 %=?
=100*200/25=4*200=800
Ans.)800
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