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      Question

      A shopkeeper sold a school bag at a profit of 60%. Had

      he sold the school bag at 20% profit he would have earned Rs.164 less. Find the cost price of the school bag.
      A Rs.410 Correct Answer Incorrect Answer
      B Rs.740 Correct Answer Incorrect Answer
      C Rs.610 Correct Answer Incorrect Answer
      D Rs.520 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of the school bag be Rs.’x’ According to question, => 1.6x – 1.2x = 164 => 0.4x = 164 => x = 410 So, the cost price of the school bag is Rs.410

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