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A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ?

A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ? Correct Answer Rs. 1232

Let Cost Price(C.P) = Pgain% = {(S.P-C.P)/C.P} x 10025 = {(1540-P)/P} x 10025/100 = (1540-P)/P=> P = 4(1540)-4P=> 5P = 4(1540)=> P = 1232So, Cost Price = Rs. 1232

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