Ramu sold an article at a loss of 5 percent .if he sold it for Rs. 270 more ,he would gained 7 per cent .find the cost price of the article
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Cost price = a
Selling price = 95a/100
the amount he should have sold for = 95a/100 + 270
(95a/100 + 270)/a x 100 = 107
95a + 27000 = 107a
107a - 95a = 2700
12a = 2700
a = 2700/12 = 225
Cost price = Rs. 225
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