An article was sold at a loss of 12%. If it was sold for Rs 630 more, then there would have been a gain of 6%. Find the cost price of the article.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e Rs. 3,500
The difference in terms of percentage = 6 - (-12) = 18%
Which is equivalent to Rs. 630
⇒ Cost Price = 630/0.18
⇒ Rs. 3500