By selling an article for rupees 144 a man loses (1/7) of his outlay.By selling it for rupees 168 ,his gain or profit loss percent is what?
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Selling price = 144
let cost = x
loss = (1/7)×x = 1/7x
S.P = C.P - loss
144 = x - 1/7x
144 = (7x - x)/7
144 = 6x/7
144 × 7/6 = x
168 = x
cost price = Rs.168
If they sell an article for Rs.168, they neither get profit nor loss
so, ans is 0
let cost = x
loss = (1/7)×x = 1/7x
S.P = C.P - loss
144 = x - 1/7x
144 = (7x - x)/7
144 = 6x/7
144 × 7/6 = x
168 = x
cost price = Rs.168
If they sell an article for Rs.168, they neither get profit nor loss
so, ans is 0
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