An article is sold at 10 percent loss. If its cost price is decreased by Rs. 5 and selling price is increased by Rs. 8, then profit of 10 percent is earned on it. What is the original selling price of the article?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 60.75.
Let CP = x
SP = 90% of x = 0.9x
New CP = x - 5
New SP = 0.9x + 8 = 1.1(x - 5)
⇒ 0.9x + 8 = 1.1x - 5.5
⇒ 13.5 = 0.2x
⇒ x = 67.5
Original SP = 0.9 × 67.5 = Rs. 60.75