Question
A purchased an article for Rs 1550. She sold the
article at 8% profit. She then added Rs 355 to the amount received and purchased a purse such that the seller of purse gained 25%. Find the cost price of purse for the seller.Solution
Amount received by A after selling the article = 1.08 × 1550 = Rs. 1674
Therefore, selling price of the purse for the seller = 1674 + 355 = Rs. 2029
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 2029
Or, x = 2009/1.25 = 1623.20
Therefore, cost price of the purse for the seller = Rs. 1623.20
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