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      Question

      A shopkeeper sold an article at a profit of 25%. If he

      had sold it for Rs 60 more, his profit would have been 35%. What is the cost price of the article?
      A 770 Correct Answer Incorrect Answer
      B 600 Correct Answer Incorrect Answer
      C 320 Correct Answer Incorrect Answer
      D 450 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let cost price = Rs x 25% profit SP = x + (25/100)x = (125/100)x = (5/4)x 35% profit SP = x + (35/100)x = (135/100)x = (27/20)x Difference in selling prices = 60 ⇒ (27/20)x − (5/4)x = 60 Convert (5/4)x to denominator 20: (5/4)x = (25/20)x So, (27/20)x − (25/20)x = (2/20)x = (1/10)x (1/10)x = 60 ⇒ x = 600

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