A product is sold at a profit of 25% on buying price. If the selling price is reduced by Rs. 12.5, the new profit is 20%. What is the buying

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A product is sold at a profit of 25% on buying price. If the selling price is reduced by Rs. 12.5, the new profit is 20%. What is the buying price? *

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Rose 1 month 2021-09-17T08:40:23+00:00 2 Answers 0 views 0

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    2021-09-17T08:41:51+00:00

    Answer:

    chzyfyfodod788(8888

    0
    2021-09-17T08:42:19+00:00

    Given :  A product is sold at a profit of 25% on buying price.

    selling price is reduced by Rs. 12.5, the new profit is 20%.

    To find : buying price

    Solution:

    Let say Buying Price = Rs C

    Profit 25 %

    Profit  =  (25/100)C  =  0.25C  

    Selling Price  = C + 0.25C   = 1.25C

    selling price is reduced by Rs. 12.5,

    New Selling Price = 1.25C – 12.5

    New Profit = (20/100)C = 0.2C

    New Selling Price = C + 0.2C = 1.2C

    1.25C – 12.5  = 1.2C

    => 0.05C = 12.5

    => 5C = 1250

    => C = 250

    buying price  = Rs  250

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