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Profit and Loss Practice Test 10
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© examsnet.com
Question : 5
Total: 28
A merchant fixed the selling price of his articles at Rs 700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price.
Rs 500
Rs 550
Rs 450
Rs 490
Validate
Solution:
C
P
S
P
Profit
%
x
700
40
%
SP = x + 40% of x
700
=
x
+
40
x
100
x
=
500
Cost price = Rs 500
New sale price
=
500
+
10
100
×
500
=
550
© examsnet.com
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