A shopkeeper sold a school bag at a profit of 45%. Had he sold the school bag at 25% profit he would have earned Rs.148 less. Find the cost price of the school bag.
Let the cost price of the school bag be Rs.’x’ According to question, => 1.45x – 1.25x = 148 => 0.2x = 148 => x = 740 So, the cost price of the school bag is Rs.740.
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