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Select the correct answerA man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?Options276.93312.9None of these546.3

Question

Select the correct answerA man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?Options276.93312.9None of these546.3

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Solution

Let's solve this step by step:

  1. Let's assume the cost price of the article is Rs. x.

  2. The man sold the article at a profit of 12%, so the selling price of the article is 112% of x, which is 1.12x.

  3. If he had charged Rs.60 more, his profit percentage would have been 30%. So, the selling price would have been 130% of x, which is 1.3x.

  4. According to the problem, the difference between these two selling prices is Rs.60. So, we can set up the equation 1.3x - 1.12x = 60.

  5. Solving this equation gives x = 60 / 0.18 = 333.33.

So, the cost price of the article is Rs.333.33.

But this option is not given in the options. So, the correct answer is "None of these".

This problem has been solved

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