renu sold an article at a loss of 8%.had she bought it at 10%less and sold for 36more, she would have gained 20%.find the cost price of the article
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Given that Renu sold it at loss of 8%
Hence the selling price = Rs 100 – Rs 8 = Rs 92
It is given that if she had purchased it at 10 % less
The new CP = Rs 100 – Rs 10 = Rs 90.
Given that she will get a gain of 20% on it.
Hence new SP = Rs 90 + Rs 18 = Rs 108
Therefore the difference in SP = Rs 108 – Rs 92 = Rs 16
Given the difference in SP = Rs 36
Initial CP =
Thus the initial cost price is Rs 225.