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Profit and Loss

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  1. On selling an article for Rs. 240, a trader loses 4%. In order to gain 10 % he must sell that article for
    1. Rs. 275
    2. Rs. 340
    3. Rs. 320
    4. Rs. 264
Correct Option: A

Let the CP be Rs. x , then SP be 0.96x
∴ 0.96x = 240
⇒ x = 250

Now the new SP = 250 X 1.1 = 275


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