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Q. By selling an article for Rs. 247.50 we get a profit of 12.5 %. The cost of the article is ?
Explanation by: Sikhar Chaudhary
S.P. = Rs. 247.50
Gain = 25 / 2%
∴ C.P. = Rs. {100 / (100 + 25 / 2) x 247.50}
= Rs. (100 x 2 / 225 x 247.50)
= 220
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