Raju sold a book at a profit of 16%.had he sold it for rs.18 more,20% would have been gained. Find the cost price?
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Answer:
900
Step-by-step explanation:
Let C.P of the book = Rs.100
If the gain is 16%, the S.P = 116.
If he had been sold Rs.33 more gain = 20 %
Then, second S. P = 120.
Difference in Selling price = 4.
If Rs, 4 is the difference in S P,cost price = Rs. 100
Then, If the difference in S.P is Rs.18,
cost price = 100/2*18= 50 x 33 = 900
Hence, cost price = 900.
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