Find the cost price of an article, which is sold for 4,050 at a loss of 10%. Also, find
the new selling price of the article which must give a profit of 8%.
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LP = loss percentage
PP= profit percentage
Cost price( CP)=[ 100/100-LP]xSP
=[100/100-10]x4050
=[100/90]x4050
=405000/9
=4500
Selling Price (SP)= [100+PP/100]xCP
=[100+8/100]x4500
=[108/100]x4500
=486000/100
=4860
hope it helps you
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