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    Question

    A person, "A," sells an item for

    Rs. 380.8 and incurs a 15% loss. At what price should "A" sell the item to achieve a 5% profit?
    A Rs. 470.4 Correct Answer Incorrect Answer
    B Rs. 450.4 Correct Answer Incorrect Answer
    C Rs. 370.4 Correct Answer Incorrect Answer
    D Rs. 400.25 Correct Answer Incorrect Answer

    Solution

    Let the CP of the item be Rs. 'a' ATQ, 0.85a = 380.8 Or, a = 380.8/0.85 = 448 Therefore, required SP = 1.05 × 448 = Rs. 470.4

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