Sita sold a whiteboard marker set at 10% profit. On selling it for Rs.20 more, she would have earned a profit of 15%. What is the cost price of the whiteboard marker set?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs.400.
Let the C.P of the marker be Rs. x
S.P = 1.1x
Given that
If she had sold the marker for Rs. 20 more, she would have earned a profit of 15%
⇒ × 100 = 15
⇒ 5x = 2000
⇒ x = 400
Hence, the cost price of the whiteboard marker is Rs. 400.