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cfc198
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Profit earned by selling an article at 1060 is 20 % more than the loss 14 Jul 2019, 13:57
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

45% (medium)

Question Stats:

78% (01:51) correct 22% (02:12) wrong based on 18 sessions

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Profit earned by selling an article at 1060 is 20 % more than the loss incurred by selling the article for Rs. 950. Find the cost price of the article.

1. Rs975
2. Rs. 1000
3. Rs. 1020
4. Rs. 1040
5. Rs. 1050
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B
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thatmenonguy
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Profit earned by selling an article at 1060 is 20 % more than the loss 26 Jan 2020, 22:05
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ans is 1000
1060-cp=6/5(cp-950)

cp =1000
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aryan440
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Profit earned by selling an article at 1060 is 20 % more than the loss 21 May 2020, 04:37
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Ratio Method
LET CP = 100X
120% = 6:5
(6X+5X) = 11X & (1060-950) = 110
11X------------ 110
100x ---------- 1000 (Ans)
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Profit earned by selling an article at 1060 is 20 % more than the loss 30 Jun 2020, 05:41
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Profit = SP - CP
Loss = CP - SP

Profit = \(\frac{120}{100} \times \) Loss

\(1060 - CP = 1.2 (CP - 950)\)
\(1060 - CP = 1.2CP - 1140\)
\(2200 = 2.2CP\)
\(1000 = CP\)

OA, B
cfc198
Profit earned by selling an article at 1060 is 20 % more than the loss incurred by selling the article for Rs. 950. Find the cost price of the article.

1. Rs975
2. Rs. 1000
3. Rs. 1020
4. Rs. 1040
5. Rs. 1050
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