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Question : A shopkeeper gains 20% in place of a 16% loss if the selling price of an article is increased by INR 324. The cost price of the article is:

Option 1: INR 900

Option 2: INR 750

Option 3: INR 1,350

Option 4: INR 60


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: INR 900


Solution : Given: A shopkeeper gains 20% in place of a 16% loss.
Difference in profit = 20 + 16 = 36%
According to the question,
⇒ 0.36 of Cost price = 324
⇒ Cost price = $\frac{324}{0.36}$
⇒ Cost price = $\frac{32400}{36}$
⇒ Cost price = INR 900
Hence, the correct answer is INR 900.

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