1. When the article sold at the rate of Rs.1220 earned a profit of 11% more than that of the loss incurred when the same article sold at the rate of Rs.798. 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. $$(x-798)$$ Profit = Rs. $$(1220-x)$$ According to ques, => $$frac{P-L}{L} imes100=11$$ => $$frac{(1220-x)-(x-798)}{(x-798)} imes100=11$$ => $$frac{2018-2x}{x-798}=frac{11}{100}$$ => $$11x-8778=201800-200x$$ => $$11x+200x=201800+8778=210578$$ => $$x=frac{210578}{211}=998$$ $$ herefore$$ Cost price = Rs. 998 => Ans - (C)
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