A shopkeeper sold an article at a gain of 25%. If he had paid Rs. 1.75 less for it and sold it at the same price he would have made a gain of 60%. Find the cost price?
Explanation:
Let CP = Rs. x and SP = Rs. 1.25 x
But it is given that, 1.25x-(x-1.75)x-1.75 = 0.6
⇒ 0.25 x + 1.75 = 0.6 x – 1.05
⇒ x = Rs. 8
Hence, option (d).
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