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    Question

    A shopkeeper sells his goods at 12% loss. Had he sold it

    Rs. 400 more then he would gain 8%. Find initial cost price?
    A Rs. 2400 Correct Answer Incorrect Answer
    B Rs. 2200 Correct Answer Incorrect Answer
    C Rs. 2000 Correct Answer Incorrect Answer
    D Rs. 2500 Correct Answer Incorrect Answer
    E Rs. 1800 Correct Answer Incorrect Answer

    Solution

    CP = 100-unit                      SP1 = 88 unit (12% loss)                                               SP2 = 108 unit (8% profit) SP2 – SP1 = Rs. 400 (108 - 88) unit = Rs. 400   20 unit = Rs. 400 1 unit = Rs. 20 CP = 100 unit = 20 × 100 = Rs. 2000

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