Question

taking 20% profit an article is sold for 60 rs if the same article is sold for 70 rs then find the percent profit?

Answer 1

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answer


Let CP = C
Profit = 25%
SP = C + 0.25C = 1.25C
New CP = C - 200
New SP = 1.25C - 200
New profit = NSP - NCP = 1.25C–200-C+200
= 0.25C
But new profit is 30% of NCP
=> 0.25C = 30/100 x (C - 200)
=> 25C - 30C = -6000
=> C = 1200