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    Question

    The profit from selling an item for Rs. 15,000 equals

    the loss when the item is sold for Rs. 10,000. If the cost price had been Rs. 3,000 less and it was sold at a loss of 15%, what would the selling price have been?
    A Rs.8,075 Correct Answer Incorrect Answer
    B Rs.5,250 Correct Answer Incorrect Answer
    C Rs.1,080 Correct Answer Incorrect Answer
    D Rs.6,080 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price be Rs. 'b'. Profit = Loss implies: 15000 - b = b - 10000 Or, 2b = 25000 Or, 'b' = (25000 / 2) = 12500 New cost price = 12500 - 3000 = Rs. 9,500 Required selling price at 15% loss = 0.85 Ă— 9500 = Rs. 8,075

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