Anu earns a profit or 18% by selling an article at a certain price. If she were to sell it for 10.50 more, she would have gained 25%. The original cost price of 12 such articles is
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Step-by-step explanation:
Given:
Initial SP of article = Rs. 265.50
Gain % = 18%
New SP = Rs. 231.30
Formula used:
CP = SP × [100/(100 + Profit%)]
Profit% = (Profit × 100)/CP
Profit = SP - CP
Calculation:
CP of the article = 265.50 × [100/(100 + 18)]
= 265.5 × (100/118)
= 26550/118
= 225
∴ CP of the article = Rs. 225
∵ The New SP = Rs. 231.30
∴ There will be a profit.
Profit = SP - CP
= 231.3 - 225
= Rs. 6.3
∴ Profit% = (6.3 × 100)/225
= 2.8%
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