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      Question

      A shopkeeper sells an article at 20% profit. If he had

      bought it at 10% less price and sold it for Rs. 60 more, his profit would have been 50%. Find the original cost price.
      A 540 Correct Answer Incorrect Answer
      B 400 Correct Answer Incorrect Answer
      C 380 Correct Answer Incorrect Answer
      D 445 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let original cost price = x Original selling price = 1.2x New cost price = 90% of x = 0.9x New selling price = 1.2x + 60 According to question, New selling price = 150% of new cost price So, 1.2x + 60 = 1.5 x 0.9x 1.2x + 60 = 1.35x 0.15x = 60 x = 400

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