An article is sold at a profit of 131/4%. Had it been sold for RS 76.70more, the profit would have been 161/5%. 50% of the cost price of the article (in RS) is:
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Correct answer: C
Explanation
The correct answer is option 3 i.e. 1,300
Let the Cost price be x.
Original Selling Price = 113.25x/100
S.P to earn more = 113.25x/100 + 76.70
113.25x/100 + 76.70 = 116.2x/100
113.25x + 7670 = 116.2x
2.95x = 7670
x = 2600
50% of cost price = 2600(50/100) = 1300