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A book vendor sold a book at a loss of 20%. Had he sold it for $ 108 more, he would have earned a profit of 30%. Find the cost price of the book?
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- $ 216
- $ 648
- $ 240
- $ 432
Correct Option: A
If the cost price of the book be $ y, then
According to question ,
∴ | + 108 = | 100 | 100 |
⇒ | - | = 108 | 10 | 5 |
⇒ | = 108 | 10 |
⇒ | = 108 ⇒ y = $ 216 | 10 |
Using the given formula :
Here, a = 20%, R = $ 108, b = 30%
C.P. = | b + a |
C.P. = | 30 + 20 |
C.P. = | = $ 216 | 50 |