Question 52
The difference between the selling prices of an article sold at 4% and 3% profits is 3. The cost price of the article is :
Solution
Let the cost price of the article = $$Rs.$$ $$100x$$
When profit % = 4%
=> Selling price = $$\frac{104}{100} \times 100x=Rs.$$ $$104x$$
Similarly, when profit % = 3%
=> Selling price = $$\frac{103}{100} \times 100x=Rs.$$ $$103x$$
According to ques,
=> $$104x-103x=3$$
=> $$x=3$$
$$\therefore$$ Cost price = $$100 \times 3=Rs.$$ $$300$$
=> Ans - (C)
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