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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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