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Application of Profit and Loss in Everyday Life

By selling an...

Question

By selling an article for Rs 600 more, Karthik would have made 5% profit on his sale invested of a 11% loss. What was his cost price?

A

3750

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B

3650

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C

3350

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D

3950

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Solution

The correct option is A 3750
Given,
$c o s t p r i c e = \frac{D i f f e r e n c e i n S . P}{P e r c e n t a g e D i f f e r e n c e i n p r o f i t} \times 100$

$= \frac{600}{5 - (- 11)} \times 100$

$= \frac{600}{16} \times 100 = 3, 750$ rupees.

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