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    Question

    Profit percentage received on a product when sold for

    Rs. 450 is equal to the percentage loss incurred when the same product is sold for Rs. 230. Find the selling price of the product if the shopkeeper wants to have a profit of 25%.
    A Rs. 420 Correct Answer Incorrect Answer
    B Rs. 445 Correct Answer Incorrect Answer
    C Rs. 425 Correct Answer Incorrect Answer
    D Rs. 485 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of the article be Rs. x According to the question, 450 – x = x – 230 Or, 2x = 680 Or, x = 340 Selling price of the product at profit of 25% = 340 × 1.25 = Rs. 425

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