A shopkeeper gains 20% in place of a 16% loss if the selling price of an article is increased by Rs. 324. The cost price of the article is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 900
Given that
A shopkeeper gains 20% in place of 16% loss
If an item's selling price rises by Rs. 324
According to the question
⇒ 20% - (-16%) = Rs. 324
⇒ 20% + 16% = 324
⇒ 36% = 324
⇒ 100% = (324/36) × 100 = Rs. 900
Hence, the cost price of the article is Rs. 900