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Ramesh sold a bicycle at a 5% loss. Had he charged ₹120 more, he would have made a 10% profit. What did the bicycle cost him (in ₹)?

Competition practiceProfit, Loss & Discount
  • A800
  • B1200
  • C960
  • D750

Step-by-Step Solution

Going from a 5% loss to a 10% gain is a change of 15% of the cost price, which equals ₹120. Cost price = 120 / 0.15 = ₹800.
Answer: A) 800

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