The difference between the selling prices of an article is ₹1440, when it is sold at 20% profit and 17.5% loss. What will be the selling price when it is sold at 15% profit?
Let's assume the cost price of an article is 100y.
The difference between the selling prices of an article is ₹1440, when it is sold at 20% profit and 17.5% loss.
100y of (100+20)% - 100y of (100-17.5)% = 1440
100y of 120% - 100y of 82.5% = 1440
120y - 82.5y = 1440
37.5y = 1440
y = 38.4
cost price of an article = 100y
= $$100\times38.4$$
= 3840
Selling price when it is sold at 15% profit = 3840 of (100+15)%
= 3840 of 115%
= ₹4416
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