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    Question

    A loss of 12% is made by selling an article. Had it been

    sold for Rs.60 more, there would have been a profit of 8%. What would be the selling price of the article if it is sold at 16% profit?
    A 327 Correct Answer Incorrect Answer
    B 360 Correct Answer Incorrect Answer
    C 348 Correct Answer Incorrect Answer
    D 353 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CP of an article = 60 ×100/[8 – (-12)] = Rs.300 SP at 16% profit = (116/100)×300 = Rs.348

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