find the cost price of an article which is sold for 450 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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S.P. of an article = Rs. 4050
Loss = 10%
(i) ∴ C.P. of the article = (S.P. × 100)/(100 – Loss%)
= ₹(4050 × 100)/(100 – 10)
= ₹(4050 × 100)/90
= ₹4500
(ii) When gain = 8%
∴ New S.P. of the article = {C.P.(100 + Gain%)}/100
= ₹{4500 (100 + 8)}/100
= ₹(4500 × 108)/100
= ₹4860
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