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SSC Selection Post 2019 PYQ — Question 57

SSC Selection Post - Matriculation Level 2019 - 14 Oct 2019 - Shift 1 • Quantitative Aptitude • Q57

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 A shopkeeper sold an article for ₹540 at some profit. Had he sold it for ₹470, then there would have been a loss equal to one-sixth of the initial profit. What was the cost price (in Rs) of the article?
 

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Correct answer: B

Explanation

The correct answer is Option 2 i.e. 480

Let cost price = ₹x
Profit = 540 − x

x−470=16(540−x)7x=3360x=₹480x - 470 = \frac{1}{6}(540 - x) \\ 7x = 3360 \\ x = ₹480