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Question

One article is sold at 16% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 126. If the cost price of both the articles is same, then find the selling price of article sold at profit.

A Rs. 596 Correct Answer Incorrect Answer
B Rs. 496 Correct Answer Incorrect Answer
C Rs. 696 Correct Answer Incorrect Answer
D Rs. 626 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let the cost price of both the articles be Rs. x According to the question, 1.16x – 0.95x = 126 Or, x = 126/0.21 Or, x = Rs. 600 Therefore, selling price of articles sold at profit = 1.16x = Rs. 696

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