Arun sold his goods at a loss of 10%. If the selling price of the goods had been increased by ₹270, there would have been a gain of 8%. What was the cost price (in ₹) of the goods for Arun?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1,500.
Let the cost price of the goods be 100x.
SP at 10% loss = 90x
SP at 8% profit = 108x
Now, according to the given question,
108x - 90x = 270
⇒ 18x = 270
⇒ x = 15
Now, CP = 100x
⇒ 15 × 100 = 1500