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      Question

      A sold an article at 30% profit. If the profit earned

      had been 310% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
      A Rs. 100 Correct Answer Incorrect Answer
      B Rs. 125 Correct Answer Incorrect Answer
      C Rs. 123 Correct Answer Incorrect Answer
      D Rs. 113 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. 100x Therefore, selling price of article = Rs. 130x Therefore, profit earned = 130x – 100x = Rs. 30x New profit = 4.1 × 30x = Rs. 123x According to the question, (123x/100x) × 100 = 100x Or, x = 1.23 Therefore, actual cost price = 100x = Rs. 123

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