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A man sold a toaster at a profit of 10%. Had he purchased it for 5% Less and sold it for ₹ 56 more, he could have gained 25%. For how much did he buy it for |
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Answer» Answer: Rs 640 Step-by-step explanation: A man sold a toaster at a profit of 10%. Had he purchased it for 5% Less and sold it for ₹ 56 more, he could have gained 25%. For how much did he buy it for Let say Toaster Cost Price = Rs C man sold a toaster at a profit of 10%. => SELLING Price = C + (10/100)C = 1.1C Had he purchased it for 5% Less => Cost Price = C - (5/100)C = 0.95C sold it for ₹ 56 more => Selling Price = 1.1C + 56 he could have gained 25% => Selling Price = 0.95C + (25/100)0.95C = 1.25 * 0.95C Equating both selling Price => 1.25 * 0.95C = 1.1C + 56 => 0.0875C = 56 => C = 640 Cost Price = Rs 640 He bought it for Rs 640 |
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