A trader sells an article at 15% profit. Had he sold it for ₹150 less, he would have incurred a 5% loss.
Find the cost price.
Show answer & explanation
Correct answer: D
Explanation
Profit = 15%, Loss = 5%, Difference = ₹150
150 = (15 + 5)% × CP
150 = 20% × CP
150 = (20/100) × CP
CP = (150 × 100) / 20 = 750