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The profit earned after selling an article for Rs 5,600 is the same as the loss incurred after selling the article for Rs 2,400
25%
32%
30%
40%
- Let's denote the cost price of the article as 'C'.
- The profit when selling at Rs 5,600 is equal to the loss when selling at Rs 2,400.
- Profit = Selling Price - Cost Price = Rs 5,600 - C
- Loss = Cost Price - Selling Price = C - Rs 2,400
- Given, Profit = Loss, thus, Rs 5,600 - C = C - Rs 2,400
- Solving the equation:
$$
2C = 5,600 + 2,400
2C = 8,000 \Rightarrow C = 4,000
- The profit percentage would be:
\left(\frac{5,600 - 4,000}{4,000}\right) \times 100 = 40\%
- Your chosen answer, Option 4: 40%, is correct .
-
By: santosh ProfileResourcesReport error
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