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Introduction to Percentage

If one gram o...

Question

If one gram of gold was sold for Rs 2400 with a profit of Rs 500, then, the cost price was 2900. State true or false.

A

Rs.70000

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B

Rs.69000

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Solution

The correct option is B Rs.69000
CP = SP - Profit.
Hence, CP = Rs.2400 - Rs.500 = Rs.1900.

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