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    Question

    A merchant sold an article at a loss of 12%. If the cost

    price was increased by 20% and the article was sold at a profit of 12%, find the percentage increase in the selling price.
    A 45.3% Correct Answer Incorrect Answer
    B 52.7% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 62.7% Correct Answer Incorrect Answer

    Solution

    Let the original cost price be ā‚¹100. Selling price with a loss of 12% = 100 - 12% of 100 = ā‚¹88. New cost price = 100 + 20% of 100 = ā‚¹120. Selling price with a profit of 12% = 120 + 12% of 120 = ā‚¹134.4. Percentage increase in selling price = ((134.4 - 88) / 88) Ɨ 100 = 52.7%. Correct Option: b

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