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Question
By selling an article for ₹ 144, a shopkeeper gains as much percent as the cost price. Find the cost price of the article.
Sum
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Solution
Let the cost price of the article be ₹ x.
Selling price = ₹ 144
Gain = 144 − x
Gain percent = Cost Price
Gain percent = `"Gain"/"Cost Price" xx 100`
`(144-x)/x xx 100 = x`
100(144 − x) = x2
14400 − 100x = x2
x2 + 100x − 14400 = 0
Factor:
(x + 180) (x − 80) = 0
x = −180 or x = 80
The cost price of the article is: ₹ 80
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