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Q: A shop keeper sells an article at a loss of 8%, but when he increases the selling price of the article by Rs. 164 he earns a profit of 2.25% on the cost price. If he sells the same article at Rs. 1760, what is his profit percentage?

  • 1
    2.5%
  • 2
    5%
  • 3
    10%
  • 4
    7.5%
  • Show Answer
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Answer : 3. "10%"
Explanation :

Answer: C) 10% Explanation: According to the given data, Let Cost price of the article be 'cp' Then, 102.25 cp - 92 cp = 164 x 100 10.25 cp = 16400 cp = 1600 Now, if he sells at Rs. 1760 Profit = 1760 - 1600 = 160   Profit% = 160/1600 x 100 = 10%.

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