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A shopkeeper sells an item at a loss of ...

A shopkeeper sells an item at a loss of `12(1)/(2)%`. In order the gain `6%` profit, he must increase the selling price by Rs. `92.50`. The cost price of the item is :

A

Rs. 500

B

Rs. 450

C

Rs. 550

D

Rs. 600

Text Solution

Verified by Experts

The correct Answer is:
A
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