the profit to loss ratio of selling an article at ₹500 and at ₹250 is 3:2. At what price in ₹ should the article be sold to get a profit of 50%?
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Answer:
Profit=(1060-x)
Loss=(x-950)
Profit/loss * 100=120
1060-x /x-950 = 1.2
1060-x = 1.2(x-950)
X = 1000
1000*120/100 =1200
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