Question
A retailer buys two items at the same cost price. He
sells one at a 25% profit and the other at a 20% loss. If the overall profit is rupees 15, find the cost price of each item.Solution
ATQ, Let the cost price of each item be 100x Selling price of first article at 25% profit = 125x Selling price of second article at 20% loss = 80x Total selling price of both the articles = 125x+80x = 205x Overall profit = 205x-200x = 5x Given overall profit is $15 5x = 15 100x = 300
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