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Question

If a person reduce his selling price of an article by rs40 then the suggested profit of 33(1/3)% convert into loss of 20%. Find the cost price?

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Solution

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Let the cost price of article be $C$ Rs
According to question , $\frac{4}{3} C - 40 = \frac{4}{5} C$
Solving we get $C = R s .75$

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