A person sold an article at a loss of 8%. Had he sold it at a gain of 10.5%, he would have received Rs. 37 more. What is the cost price of the article?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 200
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Understanding |
Application |
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We can see that when loss percent of 8% changes to profit percent of 10.5%, there is a difference of Rs. 37. |
Hence, (8 + 10.5)% = Rs. 37 ⇒ 18.5% = 37 Then 100% = [37/18.5] × 100 = 200 Hence, CP = Rs. 200 |