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The percent profit when an article is sold for Rs. 78 is twice as when it is sold for Rs. 69. The C.P. of the article is?

Rs. 49
Rs. 51
Rs. 57
Rs. 60

Correct Answer: Rs. 60

Explanation:

Let the C.P. be Rs. x
Then 2(69 - x) / 100 = (78 - x) / 100
⇒ 138 - 2x = 78 - x
⇒ x = 60
∴ C.P. = Rs. 60

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