Raymond sold an article at a loss of 5%. if he had sold it for rupees 270 more, he would have gained 7%. find the cost price of the article.
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Answer:
Let CP of article=₹x
SP1=(100-loss%)cp/100
=(100-5)x/100
=95x/100
SP2=(100+profit%)×cp/100
=(100+7)x/100
=107x/100
ATQ
sp2-sp1=270
107x/100-95x/100=270
12x/100=270
x=270×100/12
x=27000/12
x=₹2250
so, cp of article is ₹2250
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