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    Question

    A loss of 10% is made by selling an article. Had it been

    sold for Rs.80 more, there would have been a profit of 6%. What would be the selling price of the article if it is sold at 12% profit?
    A 450 Correct Answer Incorrect Answer
    B 560 Correct Answer Incorrect Answer
    C 500 Correct Answer Incorrect Answer
    D 464 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the CP be Rs x According to the question, 90x/100 + 80 = 106x/100 106x/100 - 90x/100 = 80 16x/100 = 80 x = 800/16 = 500 SP at 12% profit = 112% of 500 = Rs 560

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