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The cost of price and selling price of an article are in the ratio of the 3 : 7. If the selling price is ₹ 700, then find the cost price

₹ 500
₹ 400
₹ 300
₹ 800

Correct Answer: ₹ 300

Explanation:

Let CP = 3x and SP = 7x
According to the question,
7x = 700
∴ x = 100
∴ CP = 3x = ₹ = 300

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