Question 71

A shopkeeper sold an article for Rs. 558, gaining one-fifth of the cost price. The cost price of the article is

Solution

Let the cost price be $$x$$. Then the selling price is $$x + \frac{x}{5} = \frac{6x}{5} = 558$$. So $$x = \frac{558 \times 5}{6} = 465$$ rupees.

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