An article is sold at a profit of 20%. If both the cost price and selling price are Rs. 100 less, the profit would be 4% more. Find the cost price ?
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Let CP =x=x, so S.P =1.2x When CP is Rs. 100 less, CP=x−100 SP=1.2x−100 Now, 1.2x−100=1.24×(x−100) On solving , we get x=600 CP=Rs.600
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