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Arunika brought some articles and sold half of them at Rs. 22103 thereby making a profit of 15%/ At what price should sell the rest of them…

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Arunika brought some articles and sold half of them at Rs. 22103 thereby making a profit of 15%/ At what price should sell the rest of them so as to earn a profit of 25% on the remaining half?
  • ARs. 25947
  • BRs. 23528
  • CRs. 27130
  • DRs. 24025
Answer not set

Discussion 1

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Solution
Let the cost price be CP.

Profit = .15CP

Profit = Selling Price - CP

1.15 CP = 22,103

CP = 19,220

Now to obtain 25% profit, we have to sell them at 1.25 CP = 1.25*19220 = 24,025