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Q.

An article is sold at Question Imageprofit. If its cost price is increased by Rs.50 and at the same time, if its selling price is also increased by Rs.30, the percentage of profit decreases by Question Image. Find the cost price approximately.


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a

500

b

850

c

700

d

800 

answer is B.

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Detailed Solution

Concept: As we know thatQuestion ImageSP is selling Price
CP is cost price
Question ImageWe can assume that the cost price of that article is y.
Given that it is sold at a profit of Question ImageQuestion ImageWhen cost price is increased by 50, the selling price also increased by 30 with a decrease in profit by Question Image.
So,
Question ImageQuestion ImageQuestion ImageCost price is Rs.850.
Hence, the correct answer is option 2.
 
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