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Question 54
Sudha sold an article to Renu for ₹576 at a loss of 20%. Renu spent a sum of ₹224 on its transportation and sold it to Raghu at a price which would have given Sudha profit of 24%. The percentage of gain for Renu is:
Solution
Cost price for Sudha = $$\frac{576}{80} \times$$ 100 = 720
Cost price for Renu = 576
Final cost price for Renu = 576 + 224 = 800
Selling price for Renu = 24% profit of sudha
= 720 $$ \times \frac{124}{100}$$ = 892.8
Profit for Renu = 892.8 -800 = 92.8
The percentage of gain for Renu = $$\frac{92.8}{800} \times$$ 100 = 11.6%
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