A shop keeper reduces the selling price of an article by Rs. 39, a gain of 10% turns in to a loss of 3%, then the original price of the article is ?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 300
10 % profit had changed into 3% loss after reducing selling price by 39 Rs.
SP = CP + Profit
Let CP = 100%
SP1 = (100% + 10%) of cp , 110% of CP
SP = CP - Loss
SP2 = (100% - 3%) of CP, 97% of CP
SP1 - SP2 = 39
110% - 97% = 39
13% = 39
100% = 39/13 × 100 = 300 Rs.