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Question

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 ?

Solution
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Let CP =x=x, so S.P =1.2x
When CP is Rs. 100 less,
CP=x100
SP=1.2x100
Now,
1.2x100=1.24×(x100)
On solving , we get
x=600
CP=Rs.600

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