Question : The cost price of 60 articles is the same as the selling price of $x$ articles. If there is a profit of 20%, what is the value of $x$?
Option 1: 15
Option 2: 30
Option 3: 50
Option 4: 80
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Correct Answer: 50
Solution :
Let the cost price of 1 article be P.
Since the profit percent is 20%, the selling price of 1 article is 1.2P.
Given that the cost price of 60 articles is equal to the selling price of $x$ articles.
⇒ 60 × P = $x$ × (1.2P)
⇒ $x$ = 50
Hence, the correct answer is 50.
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