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    Question

    A store owner sold a product at a profit of 22%. Had he

    sold it at a profit of 15%, he would have gained Rs.140 less. Determine the cost price.
    A Rs.1200 Correct Answer Incorrect Answer
    B Rs.2000 Correct Answer Incorrect Answer
    C Rs.1500 Correct Answer Incorrect Answer
    D Rs.2500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the CP be Rs.x. x * 122/100 – x * 115/100 = 140 61x/50 – 23x/20 = 140 (61x2 – 23x5) /100 = 140 (122x – 115x) /100 = 140 7x/100 = 140 7x = 14000 x = 2000 The cost price = x = Rs.2000

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