📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper sold an article at a gain of 20%. Had he

    bought it for 20% less than the original cost and sold it for ₹10 less, he would have gained 25%. Then the Cost Price of the article is:
    A ₹50 Correct Answer Incorrect Answer
    B ₹40 Correct Answer Incorrect Answer
    C ₹60 Correct Answer Incorrect Answer
    D ₹45 Correct Answer Incorrect Answer

    Solution

    Let the actual cost price be Rs. 100x So, actual selling price = 100x × 120% ⇒ Rs. 120x Now, If he had bought it at 20% less than the actual then its cost price = 100x × 80% ⇒ Rs. 80x Now, new selling price = 80x × 125% ⇒ 100x According to the question, 120x - 100x = 10 ⇒ 20x = 10 ⇒ x = 1/2 So, actual cost price = 100 × (1/2) ⇒ Rs. 50 ∴ The Cost Price of the article is Rs. 50.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question