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Profit and Loss Practice Test 1
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© examsnet.com
Question : 32
Total: 40
An article was sold at 16% gain. Had it been sold for Rs 200 more, the gain would have been 20%. Then the cost price of the article is:
Rs 4,800
Rs 5,200
Rs 4,500
Rs 5,000
Validate
Solution:
👈: Video Solution
CP
SP
x
x
+
16
x
100
=
116
x
100
116
x
100
+
200
Gain per cent is 20%
Now
20
=
116
x
100
+
200
−
x
x
×
100
20
x
=
16
x
+
20
,
000
4
x
=
20
,
000
x
=
5
,
000
Cost price = Rs 5,000
© examsnet.com
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