Akshay sells an article for Rs 500 and earned some profit. The profit of that article is equalled to the ten times of the loss incurred when it is sold for Rs.225. If he wants to make a profit of 30%, then what will be the Selling Price? A. 350 B. 370 C. 375 D. 325 Answer Workspace Report Discuss Answer with explanation Answer: Option D Explanation Selling price of an article = Rs 500; Let the cost price of the article = x Profit = Rs (500 – x) Selling price of the article = Rs 225; Loss = Rs (x – 225) ⇒ (500 – x) = 10 (x – 225) ⇒ 500 – x = 10x – 2250 ⇒ 11x = 2750 ⇒ x = 250 The cost prise of the article = Rs 250; Profit = 30% Selling price = 250 x (100 + 130) / 100 = 325 Workspace
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