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Question
An article is sold for ₹ 500 at 25% profit. Find its cost price.
Solution
The correct answer is ₹ 400
Explanation
S. P. of the article ₹ 500 and Profit% = 25%
∴ C.P. = S. P. * 100/(100 + P%) = ₹ 500 * 100/(100 + 25) = ₹ 400
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