Multiple Choice Questions on A profit of 20 is made when an article is sold for Rs 720 What will be the profit if the same articl........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A profit of 20 is made when an article is sold for Rs 720 What will be the profit if the same articl...........

Quantitative Aptitude ( CCS) Profit and loss
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    A profit of 20% is made when an article is sold for Rs 720. What will be the profit % if the same article is sold for Rs 630?

    12%

    Incorrect Answer

    9%

    Incorrect Answer

    3%

    Incorrect Answer

    5%

    Correct Answer
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    Explanation:

    Let x% is the required profit. So
    630 = [(100+x)/100] * [100/120 * 720]
    Solving, we get, x = 5% profit

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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