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Question 77
A shopkeeper sold anarticle at a certain price. If it ts sold at 80%of that price, then his loss would be 8%. Then, the profit percent at the original selling price is
Solution
Let the price at which item is originally sold = S
Given that 0.8*S = 0.92*CP (CP is cost price)
S = 1.15*CP
This means profit earned by selling at S is 15% over CP
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