An article was sold at a gain of 16%. If had been sold for Rs.36 more, the gain would have been 20%. The cost price of the article is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e Rs.900
The difference in percentage gain is (20 - 16) = 4%
The change in price = Rs. 36
Let the cost price of the item be Rs. 'y'
⇒ (4 / 100)y = 36
⇒ y = Rs.900