1. When the article sold at the rate of Rs.2500 earned a profit of 11% more than that of the loss incurred when the same article sold at the rate of Rs.1234. Find the Cost price of the article.
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By: anil on 05 May 2019 01.13 am
Let cost price of the article = Rs. $$x$$ Loss = Rs. $$(x-1234)$$ Profit = Rs. $$(2500-x)$$ According to ques, => $$frac{P-L}{L} imes100=11$$ => $$frac{(2500-x)-(x-1234)}{(x-1234)} imes100=11$$ => $$frac{3734-2x}{x-1234}=frac{11}{100}$$ => $$11x-13574=373400-200x$$ => $$11x+200x=373400+13574=386974$$ => $$x=frac{386974}{211}=1834$$ $$ herefore$$ Cost price = Rs. 1834 => Ans - (D)
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=> Ans - (D)