A person sells an article for Rs 75 and gains as...

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A person sells an article for Rs. 75 and gains as much percent as the cost price of the article in rupees. The cost price of the article is = ?

A. Rs. 37.50

B. Rs. 40

C. Rs. 50

D. Rs. 150

Answer: Option C

Solution(By Examveda Team)

In this type of question go through option
Option : C
Cost price = Rs. 50
Gains as much percentage as the cost price of the article means 50% gains
50% of cost price
50% of Rs. 50 = Rs. 25
Selling price = Cost price + Profit
Selling price = 50 + 25
Selling price = Rs. 75

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