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    Question

    A shopkeeper sells an article for Rs 70 and earns

    thrice the profit that he would have earned on selling this article for Rs 50. Find the C.P of this article (in Rs).
    A 55 Correct Answer Incorrect Answer
    B 25 Correct Answer Incorrect Answer
    C 40 Correct Answer Incorrect Answer
    D 60 Correct Answer Incorrect Answer

    Solution

    ATQ, the shopkeeper earns the thrice profit that he would have earned had he sold it for Rs 50.
    Profit% = 3 (profit %)
    S.P - C.P = 3 x (S.P - C.P)
    Let C.P = x
    70 - x = 3 x (50 - x)
    70- x= 150 - 3x
    2x= 150 - 70
    x= 40
    Hence, the cost price of the article = 40

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