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An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit of 20%. Had the value of X been 15% less and the value of Y been Rs.60 less, a profit of 20% would have been earned, What was the value of Y ?
  • a)
    350
  • b)
    400
  • c)
    450
  • d)
    500
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit...
x(1.2)=y———–1
x(0.85)(1.2)=y-60——————-2
Sub 1 in 2, and solve y
Y=400
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An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit...
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