An article was sold at a gain of 10 % had it been sold for $65 more, the gain would have been 14 find the C.P of the article.
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Answered by
53
Answer:-
Gain of the article = 10%
10% + 65 = 14%
65 = 4%
CP of the article = 100÷4×65
= 1625
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Answered by
1
Answer:
Let CP be $ x.
Profit = 10%
SP = 11/10 x
According to statement
SP = 11/10 x + 65
Profit % = 14%
So, Using the formula,
CP = (100 × SP)/(100 + Profit%)
x = (110x + 6500)/(100 + 14)
114x = 110x + 6500
4x = 6500
x = 1625.
So, CP of the article is $1625.
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