- When an article is sold for Rs 291
1 there is a loss of 3% what will be the
selling price of the article if it is sold
at again of 8%
un
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Selling price is Rs. 324
Step-by-step explanation:
Let the cost price of the article be Rs. x
Then at a loss of 3%, its selling price is
= Rs. x (1 - 3/100)
= Rs. 97x/100
By the given condition,
97x/100 = 291
or, x = 300
So the cost price of the article was Rs. 300
For a profit of 8%, the selling price must be
= Rs. 300 * (1 + 8/100)
= Rs. 300 * 108/100
= Rs. 324
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