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The percentage profit earned by selling an article for Rs. 2200 is equal to the percentage loss incurred by selling the same article for Rs. 1100. At what price should the article be sold to make 30% profit?1. 20162. 20173. 21454. 20205. 2019 |
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Answer» Correct Answer - Option 3 : 2145 Given: The article be sold to make 30% profit Profit earned by selling an article for Rs. 2200 = Percentage loss by selling same article Rs. 1100 Formula used: Percentage profit = [(selling price – cost price)/cost price] × 100 Calculation: Let C.P. be Rs. X Then, [(2200 – X)/X] x 100 = [(X – 1100)/X] × 100 ⇒ 2200 - X = X- 1100 ⇒ 2x = 3300 ⇒ x = 1650 Required S.P. = 130% of Rs. 1650 ⇒ (130/100) x 1650 ⇒ 2145 ∴ The price of article is 2145. |
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