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    • Question

      An article is bought for ₹800 and sold at a profit of

      15%. What is the profit% and  selling price of an article ?
      A 20% and ₹960 Correct Answer Incorrect Answer
      B 10% and ₹1060 Correct Answer Incorrect Answer
      C 40% and ₹760 Correct Answer Incorrect Answer
      D 60% and ₹900 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Profit = 15% of 800 = 0.15 × 800 = 120 SP = CP + Profit = 800 + 120 = 920 → not matching. If profit is 20%: Profit = 0.20 × 800 = 160 SP = 960 → option (d). Corrected: Profit = 20%, SP = ₹960.

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