A person sold an article and got a loss of 9%. If he sold it for ₹51 more he would gain 8%. Find the C.P.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 300.
Let the cost price = x.
Selling price at 9% loss = 0.91x
Selling price at 8% gain = 1.08x
Difference between the two selling prices = 51
⇒ 1.08x – 0.91x = 51
⇒ 0.17x = 51
⇒ x = 51 ÷ 0.17 = 300