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A shopkeeper sold an article for Rs. 540...

A shopkeeper sold an article for Rs. 540 at some profit. Had he sold it for Rs. 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 ?

A

a) 525

B

b) 480

C

c) 505

D

d) 540

Text Solution

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The correct Answer is:
B
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