Question

By selling an article for Rs 25,920 a shopkeeper gains 8%. Find the cost price
of the article​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Given ,

Selling price (SP) = Rs 25920

Profit % = 8 %

As we know that ,

★ Profit = SP - CP

★ Profit % = Profit/CP × 100

Thus ,

$\tt \implies \frac{CP \times Profit}{100} = SP - CP$

$\tt \implies \frac{8CP}{100} = 25920 - CP$

$\tt \implies\frac{2CP}{25} = 25920 - CP$

$\tt \implies 2CP = 648000 - 25CP$

$\tt \implies 27CP = 648000$

$\tt \implies CP = 24000$

Therefore , the cost price of article is Rs 24000

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