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    Question

    The gain obtained by selling a

    sugar bag for Rs. 1225 is the same as the loss suffered when selling the same sugar bag for Rs. 475. What should be the selling price to achieve a 40% profit?
    A Rs. 1090 Correct Answer Incorrect Answer
    B Rs. 1190 Correct Answer Incorrect Answer
    C Rs. 1250 Correct Answer Incorrect Answer
    D Rs. 1690 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let, cost price of Sugar bag be Rs. 'x', So, (1225 – x) = (x – 475) 2x = 1225 + 475 2x = 1700 x = 1700/2, x = 850 Therefore, required selling price = 850 × 1.4 = Rs. 1190

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