An article was sold at a loss of 15%. If it was sold for ₹1,035 more, then there would have been a profit of 8%. The original selling price (in ₹) of the article is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 3,825.
Let the Cost Price (CP) = x
Loss of 15% → Selling Price = 0.85x
Profit of 8% → Selling Price = 1.08x
Difference between the two SPs = ₹1,035
1.08x − 0.85x = 1035
⇒ 0.23x = 1035
⇒ x= 1035/0.23 = 4500
Now, original selling price = 0.85x = 0.85 × 4500 = ₹3,825