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Ramkishan sells an article at a profit of 6%. If he sells it for Rs. 200 more, there would be a profit of 10%. Then the cost price of the article is1. Rs. 50002. Rs. 4,5003. Rs. 5,5004. None of the above |
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Answer» Correct Answer - Option 1 : Rs. 5000 Given Ramkishan sells an article at a profit of 6% Profit when sold for Rs. 200 more = 10% Formula used SP = CP + (Profit %/100) × CP Calculation Profit %= 6% SP= CP+ (6/100) × CP = 106CP/100 Now, if he had sold it for RS.200 more, profit % = 10% ⇒ SP + 200 = CP + (10/100) × CP ⇒ SP + 200 = 11CP/10 Substituting SP = 106CP/100 in the above equation we get, ⇒ 106CP/100 + 200 = 11CP/10 ⇒ 4CP/100 = 200 ⇒ CP = Rs. 5000 |
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