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Raj sold an item for Rs. 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?1). Rs. 146562). Rs. 118563). Rs. 135444). Cannot be determined |
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Answer» Solution Let the CP of the ARTICLE be X. Loss % = (CP-SP)/CP = (x-6384)/x = 0.3 1 - 6384/x = 0.3 x = 9120 Profit % = (SP-CP)/CP 0.3 = (SP-9120)/9120 SP = 9120*1.3 = RS 11,856 |
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