Discussion :: Profit and Loss
- A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?
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Answer : Option B
Explanation :
CP1 = 100 SP1 = 120
CP2 = 80 SP2 = 80 * (125/100) = 100
20 ----- 100
75 ----- ? => 375
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