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    Question

    The selling price and cost price

    of an item are in the ratio of 7:5. If the profit made from selling the item is Rs. 38.60, Determine the selling price of the item?
    A Rs.335.10 Correct Answer Incorrect Answer
    B Rs.235.10 Correct Answer Incorrect Answer
    C Rs.135.10 Correct Answer Incorrect Answer
    D Rs.265.52 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the item be Rs. '5a' So, selling price of the item = 5a × (7/5) = Rs. '7a' ATQ; 7a - 5a = 38.60 Or, 2a = 38.60 So, a = 19.30 So, selling price of the article = 19.30 × 7 = Rs.135.10

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