If the ratio of purchase prize to fixed price and sale price of a commodity is 25:30:27 . what is the percentage of purchase price ?
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Step-by-step explanation:
Solution:
CP:MP = 2x:3x
⇒ profit = MP- CP = 3x-2x=x
Profit % : discount % = 3:2
Let CP= 200, SP = 300
But
100
3x
×200+
100
2x
×300=6x+6x=12x
⇒12x=100
⇒x=8.33%
∴ Discount = 2x= 16.66%
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