Question
Arjun sells an article at profit of 8%. If he had bought
it at 5% less and sold it for ₹120 more he would have made a profit of 20%. what will be the the initial cost price of the article. (in Rs.)Solution
ATQ Let CP be taken as = 100 Then SP will be as = 108 So, New CP will be = 95 therefore New SP = 95 × (120/100) = 114 hence Difference will be = 114-108 = 6 so, Initial CP = (120/6) x 100 = Rs.2000
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