The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been
sold for 5 rupees less, then the resulting profit would have been 50%. The original selling price, in rupees, of
the product is
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Explanatory Answer
Let CP=xSP=1.4x New CP=0.6x New SP=1.4x−5 New Profit %=50%1.4x−5=0.6x∗(3/2)1.4x−5=0.9x0.5x=5x=10 New SP=1.4(10)=14
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