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NIACL Model Paper 3 with solutions for free online practice
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© examsnet.com
Question : 88
Total: 100
Quantity I: By selling an articlefor Rs. 720, a man loss 10%. Atwhat price should he sell it to gain 40%?
Quantity II: The difference betweenthe CP and SP of an articleis Rs. 240. If the profit percentageis 20%, find the selling price?
1
2
3
5
Validate
Solution:
Quantity I:
SP = 720 and loss = 10%
CP =
100
90
× 720 = Rs. 800
SP of article at 40% gain
=
140
100
× 800 = Rs. 1120
Quantity II:
Difference between SP and CP
= 240
Gain % =
S
P
−
C
P
C
P
× 100
20 =
(
240
C
P
)
× 100
CP = 1200
SP = 1200 + 240 = Rs. 1440
Hence Quantity II > Quantity I
© examsnet.com
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