The loss incurred by selling an article for 1100bis 2/3 of the profit it is sold for RS. 1350 Find cost price of the article
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S.P of the article = Rs. 230
Loss =8%
∴ C.P. =
100−loss%
100
× S.P.
=
100−8
100
×230
=
92
100
×230
= Rs. 250
C.P of the article = Rs. 250
Profit =8%
∴ S.P. =
100
100+profit%
× C.P.
⇒
100
108
×250= Rs. 270
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