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A shopkeeper sold an article for Rs.425, there by losing 15%. At what price should he have sold the article to earn a profit of 10%?
- ARs. 550
- BRs. 600
- CRs. 650
- DRs. 700
Correct answer: A
Discussion 1
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CCommunity
Rs. 550
S.P. = Rs.425, Loss % = 15%
∴ C.P. =100/85 × 425 = Rs.500
Now CP of the article is Rs.500
Profit = 10%
∴ S.P. =(110/100) × 500 = Rs.550.
S.P. = Rs.425, Loss % = 15%
∴ C.P. =100/85 × 425 = Rs.500
Now CP of the article is Rs.500
Profit = 10%
∴ S.P. =(110/100) × 500 = Rs.550.