A dealer sold an article at a loss of 2%. Had he sold it for Rs 44 more, he would have gained 20%. Find the cost price of the article.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs 200
Let the CP of an article be 100x
SP of an article at the loss of 2% = 100x × 0.98 = 98x.
If he sold it for Rs 44 more, he would have gained 20%.
SP of an article at the gain of 20% = 100x × 1.2 = 120x.
120x - 98x = 22x
22x = 44
x = 2
CP of an article = 100x = 100 × 2 = 200.