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A shopkeeper sold some articles @ 35 per article and earned a profit of 40%. At what price each article should have been sold so that 60% profit was earned?
- A10
- B20
- C30
- D40
Correct answer: D
Discussion 1
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CCommunity
40
SP = 140% of CP;
:. CP = 35 × 100/140 = 25
Then, 60% of CP = 2.5 × 6 = 15
To set a profit of 60% the SP = 25 + 15 = 40.
SP = 140% of CP;
:. CP = 35 × 100/140 = 25
Then, 60% of CP = 2.5 × 6 = 15
To set a profit of 60% the SP = 25 + 15 = 40.