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    Question

    A man sells an article at a certain price incurring 20%

    loss. If he had sold the same article for Rs. 20 more he would have earned 20% profit. What was the cost price of the said article?
    A 20 Correct Answer Incorrect Answer
    B 40 Correct Answer Incorrect Answer
    C 50 Correct Answer Incorrect Answer
    D 60 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of article be 100x┬а When sold at loss┬а SP = 100x - (20/100)┬а├Ч 100x = 80x When sold at profit SP = 100x + (20/100)┬а├Ч 100x = 120x According to the question, 120x - 80x = 20 тЗТ 40x = 20 тЗТ x = 0.5 тЗТ 100x = 50┬а┬а тИ┤ Cost price of article is Rs. 50

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