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A man sells an article at a loss of 10%. Had he sold it for ₹90 more, he would have gained 8%. Find the cost price of the article.

Competition practiceProfit, Loss & Discount
  • A550
  • B500
  • C450
  • D600

Step-by-Step Solution

The ₹90 covers the gap from -10% to +8%, i.e. 18% of cost price. So CP = 90 / 0.18 = 500.
Answer: B) 500

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