The difference between the selling prices with 19% profit and 11% loss is Rs.454.50. What is the cost price of the item?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 1,515.
Given, CP × 119/100 - CP × 89/100 = 454.5
⇒ CP × (119 - 89)/100 = 454.5
⇒ CP × 30/100 = 454.5
⇒ CP = 1515