Sita sold a whiteboard marker set at 10% profit. On selling it for Rs. 20 more, she would have earned a profit of 15%. What is the cost price of the whiteboard marker set?

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SSC CGL 2023 Tier-I Official Paper (Held On: 26 Jul 2023 Shift 3)
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  1. Rs. 300
  2. Rs. 350
  3. Rs. 450
  4. Rs. 400

Answer (Detailed Solution Below)

Option 4 : Rs. 400
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Detailed Solution

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Given: 

Sita sold a whiteboard marker set at 10% profit. On selling it for Rs. 20 more, she would have earned a profit of 15%. 

Concept used:

SP = CP + profit

Profit is calculated on cost price

Calculation:

Let the Cost price = 100

1st selling price is 110

2nd selling price is 115

As per the question,

Value of (115 -110) = 5 units 

5 units = 20

1 unit = 4

The value of 100 units = 4 × 100 = 400

∴ The correct option is 4

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