Question : If an article is sold for INR 402, there is a loss of 33% At what price should it be sold to get 37% profit?
Option 1: INR 911
Option 2: INR 618
Option 3: INR 822
Option 4: INR 781
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Correct Answer: INR 822
Solution :
Given: Selling price = INR 402
Loss = 33%
Selling price = 67%
Let the cost price be $x$.
So, $\frac{67x}{100}=402$
$\therefore x = 600$
To get 37% profit, selling price = $\frac{137}{100}\times$cost price $=\frac{137}{100}\times600=822$
Hence, the correct answer is INR 822.
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