Fill in the blanks to make the statements true.
By selling an article for Rs 1,12,000 a girl gains 40%. The cost price of the article was _________.
Selling price of an article = ₹112000
Gain% = 40%
Let x be the cost price of the article.
∴ cost price = selling price – profit % on cost price
∴ Selling price = cost price + profit % on cost price
So, 112000 = ![]()
⇒ 11 2000 = ![]()
⇒112000 = ![]()
⇒ 112000 × 100 = 140x
⇒ x = ![]()
⇒ x = ![]()
⇒ x = 16000 × 5
⇒ x = ₹80000
By selling an article for Rs 1,12,000 a girl gains 40%. The cost price of the article was ₹80000.
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