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When an article is sold at a gain of 20%, it yields ₹ 60 more than when it is sold at a loss of 20%. The cost price of the article is ______. -

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Question

When an article is sold at a gain of 20%, it yields ₹ 60 more than when it is sold at a loss of 20%. The cost price of the article is ______.

Options

  • ₹ 200

  • ₹ 150

  • ₹ 140

  • ₹ 120

MCQ
Fill in the Blanks

Solution

When an article is sold at a gain of 20%, it yields ₹ 60 more than when it is sold at a loss of 20%. The cost price of the article is ₹ 150.

Explanation:

40% → 60

100% → `60/40 xx 100` = ₹ 150

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Profit and Loss (Entrance Exam)
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