Question 64
By selling an article for ₹600, a person made a profit of 50%. What was the cost price of this article?
Solution
By selling an article for ₹600, a person made a profit of 50%.
selling price = (100+50)% = ₹600
150% = ₹600
Cost price of this article = $$\frac{600}{150}\times\ 100$$
= ₹400
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