Rahul sells an item at a profit of 16%. If he had sold it for ₹16 more, then he would have made a profit of 20%. The cost price of the article is ₹400.

True

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False

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Solution

The correct option is A True
Let the CP of the article be ₹100.

When profit is 16%, SP = ₹116

When profit is 20%, then SP = ₹120.

When the difference in selling price is ₹4, CP is ₹100

When the difference in selling price is ₹16, then CP is

$\frac{100}{4} \times 16$

= ₹400

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Rahul sells an item at a profit of 16%. If he had sold it for ₹16 more, then he would have made a profit of 20%. The cost price of the article is ₹400.

The correct option is A TrueLet the CP of the article be ₹100. When profit is 16%, SP = ₹116 When profit is 20%, then SP = ₹120. When the difference in selling price is ₹4, CP is ₹100 When the difference in selling price is ₹16, then CP is 1004×16 = ₹400

The correct option is A True
Let the CP of the article be ₹100.

When profit is 16%, SP = ₹116

When profit is 20%, then SP = ₹120.

When the difference in selling price is ₹4, CP is ₹100

When the difference in selling price is ₹16, then CP is

$\frac{100}{4} \times 16$

= ₹400