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    If selling price is Rs.500 more than the cost price and the profit earned is 40%, then what is the cost price?
    Question

    If selling price is Rs.500 more than the cost price and the profit earned is 40%, then what is the cost price?

    A.

    Rs.1800

    B.

    Rs.1250

    C.

    Rs.1500

    D.

    Rs.1750

    Correct option is B


    Let cost price of the article be Rs. x
    According to the question
    ⇒ x ×40/100 = 500
    ⇒x= 500 × 100/40 = 1250. Cost price of the article is Rs. 1250
    Short Trick:
    Let Cost price of the article be 100%
    40% =500
    100%= Rs. 1250

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