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ATQ, CP of the article = Rs.700 MRP of the article = (100 + p) % of 700 = (700 + 7p) SP of the article = (700 + 7p) – 245 = (455 + 7p) Quantity I: Case 1: When there is profit on the article(CP < SP). (455 + 7p) – 700 = 35 7p = 280 p = 40 Case 2: When there is loss on the item (CP > SP). 700 – (455 + 7p) = 35 7p = 210 p = 30 Possible values of ‘p’ = 30 and 40 Quantity II: New SP of the article (when initially there is loss) = (455 + 7p) = Rs.665 Minimum SP of the article, when it is sold for Rs.'q' more = 665 + 210 = Rs.875 Minimum profit% = (875-700)/700 × 100 = 25% Which means profit% will be more than 25%. Hence, relationship between Quantity I and Quantity II cannot be determined.
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