Q.8 - An article is sold at 25% profit. If the CP and the SP of the article
are increased by Rs 60 and Rs 30 respectively, the profit% decreases
by 15%. Find the cost price of the article.
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Answer:
Rs. 200
Step-by-step explanation:
Initial cost= x
Profit= 25%
SP=x+25%=1.25x
Revised CP and SP and difference:
x+60 and 1.25x+30
Profit change= 25%-15%=10%=0.1x
So considering all above get equation:
- 1.25x+30-x-60=0.1x
- 0.15x=30
- x= Rs. 200
Cost price is Rs. 200
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