A shopkeeper sells mangoes at a loss of 25%. If he had sold them for Rs. 3.5 more per kg, he would have gained 15%.Find the cost price per kg.
Show answer & explanation
Correct answer: D
Explanation
Let the cost price per kilogram be ₹x.
Selling price at a 25% loss = 75x/100
Selling price at a 15% profit = 115x/100
Difference between the two selling prices = ₹3.50
115x/100 − 75x/100 = 3.50
40x/100 = 3.50
x = 3.50 × 100 / 40 = ₹8.75