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An article was soldfor 144. If the % of profit was numerically equal to its cost price, then find its cost pri?

2 Answers

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  • 10 years ago
    Favorite Answer

    Let the cost price = x

    Rate of profit = x%

    Selling price = Cost price*(100+Rate of profit) / 100

    144 = x*(100+x) / 100

    14400 = 100x+x^2

    x^2+100x-14400 = 0

    On factorisation

    (x+180)(x-80) = 0

    Therefore x = - 180 OR + 80

    Since the cost price cannot be negative

    It can be taken = 80

  • 10 years ago

    (144-c)/100*c=c

    (144-c)*c=c*100

    144c-c^2=100c

    44c=c^2

    44=c

    test

    144-100=44

    100*44/100=44=c

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