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A man sold an article for ₹ 322, gaining 1/6th of his outlay. Find the cost price of the article?

₹ 300
₹ 376
₹ 175
₹ 276

Correct Answer: ₹ 276

Explanation:

Let CP = N, then gain = N/6
According to the question,
N + N/6 = 322
⇒ 7N/6 = 322
∴ N = 322 x 6/7 = ₹ 276

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