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An article was sold at 20% profit. Had i...

An article was sold at 20% profit. Had it purchased at Rs 20 less and sold at Rs 20 less there would have been profit of 10% more. Find C.P. of article?

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To find the cost price (C.P.) of the article, we can follow these steps: ### Step 1: Define Variables Let the cost price of the article be \( C \). ### Step 2: Calculate Selling Price with 20% Profit If the article is sold at a profit of 20%, then the selling price (S.P.) can be calculated as: \[ S.P. = C + 0.2C = 1.2C \] ### Step 3: Adjust the Cost Price and Selling Price According to the problem, if the cost price was Rs. 20 less, the new cost price would be: \[ C' = C - 20 \] If the selling price was also Rs. 20 less, the new selling price would be: \[ S.P.' = S.P. - 20 = 1.2C - 20 \] ### Step 4: Calculate New Profit Percentage The problem states that with the new cost price and selling price, there would be a profit of 10% more than the original profit. The original profit was 20%, so the new profit percentage is: \[ 20\% + 10\% = 30\% \] Thus, the new selling price can also be expressed as: \[ S.P.' = C' + 0.3C' = 1.3C' \] ### Step 5: Set Up the Equation Now we can set the two expressions for the new selling price equal to each other: \[ 1.2C - 20 = 1.3(C - 20) \] ### Step 6: Expand and Simplify Expanding the right side gives: \[ 1.2C - 20 = 1.3C - 26 \] Now, rearranging the equation: \[ 1.2C - 1.3C = -26 + 20 \] \[ -0.1C = -6 \] ### Step 7: Solve for C Dividing both sides by -0.1: \[ C = \frac{-6}{-0.1} = 60 \] ### Conclusion The cost price of the article is: \[ \boxed{60} \]
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ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PROFIT & LOSS-Questions
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  19. Cost price of 19 articles is Rs 625. By selling these articles A perso...

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