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A man sells an article at a profit of 20%. I he had bought it at 20% less and sold it for
Rs 5 less he would have gained 25%. Find the cost price of the article.
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Answer:
The cost price of article = Rs. 25
Step-by-step explanation:
Let CP = Rs 100
SP = 100 + 20 = Rs.120
Second CP = 100 -20 = Rs.80
Gain = 25%
Therefore second SP =
Difference of SP = 120 - 100
= 20
If the difference is Rs 20 for CP = 100
Therefore if difference is Rs 5 than CP=
= 100/20 × 5
= 25
Hence CP of the article is Rs. 25
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