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QA tradesman sold an item at a 20% loss. If the selling price had been raised by Rs. 100, the profit would have been 5%. What was the article's purchase price?

ID: #6196 Profit and Loss 289 views

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Profit and LossTopic

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Let C.P. be Rs. X Then, (105% of x) – (80% of x) = 100 or 25% of x = 100
∴ x/4 = 100 or x = 400
So C.P = Rs. 400.

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