A shopkeeper sold a school bag at a profit of 55%. Had he sold the school bag at 35% profit he would have earned Rs.188 less. Find the cost price of the school bag.
Let the cost price of the school bag be Rs.’x’ According to question, => 1.55x – 1.35x = 188 => 0.2x = 188 => x = 940 So, the cost price of the school bag is Rs.940.
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