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Question
The selling price of an article is Rs. 1,200 and cost price is `5/4` times of its selling price, find:
(i) cost price of the article ;
(ii) profit or loss as percent.
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Solution
(i) S.P. of an article = Rs. 1200
∴ C.P. =`5/4` of C.P.
`= 5/4 xx 1200` = Rs. 1500
(ii) Loss = C.P. - S.P
= Rs. 1500 - Rs. 1200 = Rs. 300
Loss% = `("Loss" xx 100)/"C.P."`
`= (300 xx 100)/1500`
`= 100/5 = 20%`
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