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27 vote

The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x ?

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The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x ?
1). 15
2). 30
3). 50
4). 80


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1 answers

24 vote
Answered by on | Votes 24 |

Let the cost price of 1 article be a

Since the profit percent is 20, selling price of 1 article = a + (20/100)a = 1.2a

Given: cost price of 60 articles = selling price of x articles

⇒ 60 × a = x (1.2a)

⇒ x = 60/1.2

∴ x = 50

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