Discussion :: Profit and Loss
- A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?
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Answer : Option A
Explanation :
CP1 = 100 SP1 = 90
CP2 = 80 SP2 = 80 * (140/100) = 112
22 ----- 100
55 ----- ? => Rs.250
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