A shopkeeper sells an article at 10% profit. If he had bought it at 10% less than what he paid for it and sold it for Rs. 10 less, he would have gained 20%. Find the cost of the article.
Plz solve this fast, okkk.
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A shopkeeper sells an article at 10% profit. If he had bought it at 10% less than what he paid for it and sold it for Rs. 10 less, he would have gained 20%. Find the cost of the article.
Plz solve this fast, okkk.
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Answer:
HERE IS YOUR ANSWER
Step-by-step explanation:
Let the cost price be x.
Therefore, selling price y=1.1x
According to the question
y+10=1.25(0.9x)
⇒1.1x+10=1.125x
⇒0.025x=10
⇒x=10/0.025
⇒x=400
∴ The cost price of the articles =Rs. 400.