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    Question

    The selling price of a product when it is sold at a profit

    of 10% is Rs. 40 more than its selling price when it is sold at a loss of 25%. What would be the selling price of the product if it is sold at a profit of 20%?
    A Rs.232.15 Correct Answer Incorrect Answer
    B Rs.185.90 Correct Answer Incorrect Answer
    C Rs.346.15 Correct Answer Incorrect Answer
    D Rs.136.80 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product = Rs. '100y'

    According to the question,

    100y × 1.10 - 100y × 0.75 = 40

    Or, 110y - 75y = 35y = 40

    So, y = (40/35) = 1.14

    Cost price of the product = 1.14 × 100 = Rs. 114

    Required selling price = 114 × 1.20 = Rs. 136.80

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