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A shopkeeper, sold dried apricots at the rate Rs 1210 a kg and bears a loss of 12%. Now if he decides to sell it at Rs 1331 per kg, what will be the result?
Let cost price of 1 kg of apricots = $$Rs. x$$
If Selling price of 1 kg of apricots = Rs. 1210
=> Loss % = $$\frac{x - 1210}{x} \times 100 = 12$$
=> $$\frac{x - 1210}{x} = \frac{12}{100} = \frac{3}{25}$$
=> $$25x - 30250 = 3x$$
=> $$25x - 3x = 22x = 30250$$
=> $$x = \frac{30250}{22} = 1375$$
When selling price = Rs. 1331
=> Loss % = $$\frac{1375 - 1331}{1375} \times 100$$
= $$\frac{44 \times 4}{55} = 3.2\%$$
=> Ans - (D)
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