Question 92

If an article is sold at a loss of 9%instead of loss of 15%a dealer gets Rs. 420 more. The cost price of the article (in Rs.) is

Solution

Solution:

Old loss % = 15

New loss % = 9

Difference in loss percentages = 15-9 = 6%

This 6%(of CP)loss corresponds to monetary loss of Rs 420.

1% of CP corresponds to Rs. 420/6 = Rs.70

100% of CP = Rs. 70 * 100 =Rs. 7000 Answer

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