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The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x? 
  • a)
    15 
  • b)
    30 
  • c)
    50 
  • d)
    80 
Correct answer is option 'C'. Can you explain this answer?
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The cost price of 60 articles is same as the selling price of x articl...
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The cost price of 60 articles is same as the selling price of x articl...
Given, Cost price of 60 articles = Selling price of x articles
Let the cost price of each article be Rs. y
Then, Cost price of 60 articles = 60y
Selling price of x articles = xy
Since there is a profit of 20%, the selling price is 120% of the cost price
Selling price of x articles = Cost price of x articles + Profit
xy = x*y*120/100
Simplifying the above equation, we get
x = 50
Hence, the value of x is 50.
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The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?a)15b)30c)50d)80Correct answer is option 'C'. Can you explain this answer?
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