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a shopkeeper buys 75 articles for ₹2250 and sell them at a profit of 20%.find the selling price of an article |
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Answer» UTION!! The concept of profit and LOSS has to be used here. Profit% = 20 CP of 75 ARTICLES = Rs 2250 Profit% = (Profit/CP) × 100 20 = (Profit/2250) × 100 20 = (Profit/225) × 10 20 ÷ 10 = Profit/225 2 = Profit/225 Profit = Rs 450 Profit = SP - CP Rs 450 = SP - Rs 2250 SP = Rs 2250 + Rs 450 SP of 75 articles = Rs 2700 SP of 1 article = Rs 2700 ÷ 75 SP of 1 article = Rs 36 More information:-If SP>CP, then it is profit. If CP>SP, then it is loss. Profit = SP - CP Loss = CP - SP Profit% = (Profit/CP) × 100 Loss% = (Loss/CP) × 100 CP → Cost Price SP → SELLING Price |
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