Multiple Choice Questions on A merchant sold an article for Rs 75 at a profit percent equal to his cost price The cost pric........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A merchant sold an article for Rs 75 at a profit percent equal to his cost price The cost pric...........

Quantitative Aptitude ( CCS) Profit and loss
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     A merchant sold an article for Rs.75 at a profit percent equal to his cost price. The cost price of the article was ?

    Rs.45

    Incorrect Answer

    Rs.50

    Correct Answer

    Rs.54

    Incorrect Answer

    Rs.60

    Incorrect Answer
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    Explanation:

     Let C.P. = Rs. x
    ? x + x% of x = 75
    ⇒ x + x2 / 100 = 75
    ⇒ x2 + 100 x - 7500 = 0
    ⇒ (x + 150)(x - 50) = 0
    ∴ x = 50

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