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      Question

      A man sells an article at a certain price and suffers a

      loss of 20%. If he sells the article at ₹100 more, he gets a profit of 30%. Find the cost price of the article (in ₹).
      A 200 Correct Answer Incorrect Answer
      B 400 Correct Answer Incorrect Answer
      C 300 Correct Answer Incorrect Answer
      D 250 Correct Answer Incorrect Answer

      Solution

      Let cost price = x Selling at 20% loss ⇒ SP = 0.8x Selling at ₹100 more gives 30% profit ⇒ SP = 1.3x So: 1.3x−0.8x=100⇒0.5x=100⇒x=100÷0.5= ₹200

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