Anju sold an article to her friend Rakesh at a 14% loss. If Rakesh sold it for ₹2,537 and made a profit of 18%, then the original cost price (in ₹) of the article for Anju was:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹2,500.
Let Rakesh's cost price = x
SP = x × (1 + 18/100) = 1.18x
⇒ 1.18x = 2537
⇒ x = = 2150
Anju’s CP = = ₹2,500