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By selling an article for Rs. 247.50 we get a profit of 12 1/ 2 %. The cost of the article is?

Rs. 210
Rs. 220
Rs. 224
Rs. 225

Correct Answer: Rs. 220

Explanation:

S.P. = Rs. 247.50
Gain = 25 / 2%
∴ C.P. = Rs. {100 / (100 + 25 / 2) x 247.50}
= Rs. (100 x 2 / 225 x 247.50)
= 220

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