A person sold an article at a loss of 8%. Had he sold it at a gain of 10.5%, he would have received ₹74 more. What is the cost price (in ₹) of the article?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 400.
Let CP = x
1.105x - 0.92x = 0.185x = 74
⇒ x = 74/0.185 = 400