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Find CP if SP = 1465, Profit% = 15.25%
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Answer:
SP of the article is Rs. 1271.15
Step-by-step explanation:
given, SP = 1465 and Profit% = 15.25%
let CP = Rs.100
=> profit = Rs. 100*profit%
= Rs. 100*(15.25/100)
= Rs. 15.25
so, S.P = C.P + profit
= Rs (100+15.25)
= Rs 115.25
ie., if SP = Rs.115.25 then CP = Rs.100
then if SP = Rs. 1465 then CP = Rs. (100*1465)/115.25
= Rs. (100*1465)/(11525/100)
= Rs. (100*1465)*(100/11525)
= Rs. (100*1465*100)/11525
= Rs. (100*293*20)/461
= Rs. (586000)/461
= Rs. 1271.15