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      Question

      An item is sold for Rs. 2,360, resulting in a profit of x%.

      If the same item is sold for Rs. 2,500, the profit increases to (x + 7)%. Determine the value of x.
      A 12 Correct Answer Incorrect Answer
      B 15 Correct Answer Incorrect Answer
      C 18 Correct Answer Incorrect Answer
      D 20 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. 'a'
      According to the question,
      (x + 7) % of 'a' + a - (x% of 'a' + a) = 2500 - 2360
      7% of 'a' = 140
      Or, 'a' = (140/0.07) = 2000
      Percentage profit when the article is sold for Rs. 2,360
      = {(2360 - 2000) /2000} X 100 = 18%
      Therefore, 'x' = 18

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