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      Question

      A person bought an article and sold it at a loss of 25%.

      If he had bought it at 5% loss and sold it for 78 more, he would have gained 20%. Find the profit percent if he had sold it at Rs 240.
      A 15% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 36% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Alternate Method: Let Original CP = 100 then SP  =  75 Then New CP = 95  and then New SP = 95 120%  =  114 So difference in SP = 114 - 75 = 39 ==> 78 So 1==>2 Hence CP = 100 ==> 200 So intitial CP = 200 & if SP = Rs. 240 So profit %  =  40/200 100 = 20%

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