Question

The percent profit made when an article is sold for Rs. 78 is twice as much as when it is sold for Rs. 69, the cost price of the article is?

A) Rs. 60 B) Rs. 51 C) Rs. 55.50 D) Rs. 70

Answer 1

The cost price of the article is ₹60.

Step-by-step explanation:

Given : By selling an article for ₹ 78, the profit percent is twice as when it is sold for ₹ 69.

To find : The CP of the article.

Solution :

We know,

Profit = Revenue - Cost  

Let the Cost price = x

By selling an article for ₹ 78

Profit is

By selling an article for ₹69

Profit is

The profit percent is twice as when it is sold for ₹69.

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Therefore, The cost price of the article is ₹60.