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    Question

    The cost price of two articles is same. One article is

    sold at 40% profit and another at 10% loss. If the selling price of one article is Rs. 700 more than that of another, then find the selling price of article sold at loss.
    A Rs. 1312.50 Correct Answer Incorrect Answer
    B Rs. 1260 Correct Answer Incorrect Answer
    C Rs. 1050 Correct Answer Incorrect Answer
    D Rs. 1700 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of both the articles be Rs. x
    According to the question,
    1.40x – 0.90x = 700
    => x = 700/0.5 = 1400
    Therefore, selling price of article sold at loss = 0.90x = Rs. 1260

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