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    Question

    When the profit obtained by

    selling an item for Rs. 768 is the same as the loss suffered when the item is sold for Rs. 312. What would be the selling price (in Rs.) of the item to achieve a profit of 12%?
    A Rs.654.80 Correct Answer Incorrect Answer
    B Rs.304.80 Correct Answer Incorrect Answer
    C Rs.604.80 Correct Answer Incorrect Answer
    D Rs.500.80 Correct Answer Incorrect Answer

    Solution

    ATQ, Cost price of the item = (768 + 312) ÷ 2 = Rs. 540 So, required selling price = 540 × 1.12 = Rs. 604.80

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