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      Question

      A shopkeeper sold a school bag at a profit of 42%. Had

      he sold the school bag at 22% profit he would have earned Rs.124 less. Find the cost price of the school bag.
      A Rs.620 Correct Answer Incorrect Answer
      B Rs.600 Correct Answer Incorrect Answer
      C Rs.640 Correct Answer Incorrect Answer
      D Rs.660 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the school bag be Rs.’x’ According to question, => 1.42x – 1.22x = 124 => 0.2x = 124 => x = 620 So, the cost price of the school bag is Rs.620.

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