A man sells a good at 5% profit. If he had sold it at a 10% profit, he would have received 175 more. What is the selling price of the good?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 3,675.
Let the cost price of the good = 100x
So, 110x - 105x = 175
⇒ 5x = 175
⇒ x = 35
⇒ 105x = 105 × 35 = 3675
Therefore, the selling price of the good is ₹3675.