Question
Download Solution PDFA shopkeeper sells an article at \(13{{1} \over 2}\)% loss. If he sells it for ₹1,274 more, then he gains 11%. What is the cost price of the article?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Shopkeeper sells an article at a loss of 13.5%
If he sells it for Rs. 1274 more, there will be profit of 11%
Formula used:
CP = \(\frac{Amount } {Loss + Profit} \times 100\)
Calculation:
According to the formula,
⇒ CP = \(\frac{1274 } {13.5 +11}\times 100\)
⇒ CP = 52 × 100 = Rs. 5200
⇒ Hence, The cost price of an article is Rs. 5200
Last updated on Jun 13, 2025
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