An article was sold at a loss of 13.5%, If it was sold for Rs1,104 more , then there would have been a profit of 9.5% . The cost price of the articles was :
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.4,800.
Let us take the cost price be P
Loss % of P + extra amount = profit % of P
⇒ 13.5% of P + 1104 = 9.5% of P [negative sign indicates the loss]
⇒ 23% of P = 1104
⇒ P = (1104 × 100)/23
⇒ P = Rs.4800
Hence,
The cost price of the article = Rs.4800