Two articles ‘A’ and ‘B’ are sold at a profit of 12% and 40% respectively. If the selling price of both the articles is same, then the cost price of ‘A’ and ‘B’ may be:
Question
Two articles ‘A’ and ‘B’ are sold at a profit of 12% and 40% respectively. If the selling price of both the articles is same, then the cost price of ‘A’ and ‘B’ may be:
Solution
Let's denote the selling price of both articles as S.
Since the profit for article A is 12%, the cost price of A (let's call it C_A) can be calculated using the formula:
C_A = S / (1 + Profit%) C_A = S / (1 + 0.12) C_A = S / 1.12
Similarly, since the profit for article B is 40%, the cost price of B (let's call it C_B) can be calculated using the formula:
C_B = S / (1 + Profit%) C_B = S / (1 + 0.40) C_B = S / 1.40
So, the cost prices of articles A and B are S/1.12 and S/1.40 respectively.
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