The selling price of an article is rupees 1,200 and cost price is 5/4 times of its selling price.
Find:
(I) cost price of the article
(ii) profit or loss as percent.
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Cost price (C.P.)= Rs. 1200
∴ S.P. = 5/4 of C.P.
= 5/4 × 1200
= Rs. 1500
∴ Gain = S.P. – C.P.
= Rs. 1500 – Rs. 1200
= Rs. 300
∴ Gain % = (gain × 100)/C.P.
= (300 × 100)/1200
= 25%
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Answer:
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Step-by-step explanation:
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