Hari suffered a loss of 8% by selling an article. If he had sold it for Rs. 300 more, he would have made a profit of 4%. find his CP (in Rs.)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2500
Let the CP of an article be 100x.
SP of an article = 100x × 92/100 = 92x.
SP of an article at the gain of 4% = 100x × 104/100 = 104x.
According to the question,
104x - 92x = 300
12x = 300
x = 25
CP = 100 × 25 = 2500.