Question 64

By selling an article for ₹600, a person made a profit of 50%. What was the cost price of this article?

Solution

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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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