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      Question

      ‘A’ sold an article for Rs. 2400 and earned a

      profit that is 1/3rd greater than the loss he would have incurred if he had sold it for Rs. 300. Determine the cost price of the article.
      A Rs. 1200 Correct Answer Incorrect Answer
      B Rs. 900 Correct Answer Incorrect Answer
      C Rs. 1800 Correct Answer Incorrect Answer
      D Rs. 600 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. x Therefore, profit earned when sold for Rs. 2400 = Rs. (2400 – x) Loss when sold for Rs. 300 = Rs. (x – 300) According to the question, (4/3) × (x – 300) = 2400 – x Or, 4x – 1200 = 7200 – 3x Or, x = 8400/7 = 1200 Therefore, cost price of the article = Rs. 1200

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