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Mohan purchased an article and sold it for Rs 2817.50 and earned 15 per cent profit on the cost price. What was the cost price of the article ?
- ARs 2,500
- BRs 2,450
- CRs 2,550
- DRs 3,315
Answer not set
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0
CCommunity
Solution
Let the cost price of the article be C.
As the profit percentage is 15%, the selling price equals 1.15C
1.15C = 2817.50
Hence, C = 2450
So, the cost price of the article is Rs. 2450
Let the cost price of the article be C.
As the profit percentage is 15%, the selling price equals 1.15C
1.15C = 2817.50
Hence, C = 2450
So, the cost price of the article is Rs. 2450
0
CCommunity
Solution
Let the cost price of the article be C.
As the profit percentage is 15%, the selling price equals 1.15C
1.15C = 2817.50
Hence, C = 2450
So, the cost price of the article is Rs. 2450
Let the cost price of the article be C.
As the profit percentage is 15%, the selling price equals 1.15C
1.15C = 2817.50
Hence, C = 2450
So, the cost price of the article is Rs. 2450