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    Question

    A sold an article at 30% profit. If the profit earned

    had been 310% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
    A Rs. 100 Correct Answer Incorrect Answer
    B Rs. 125 Correct Answer Incorrect Answer
    C Rs. 123 Correct Answer Incorrect Answer
    D Rs. 113 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. 100x Therefore, selling price of article = Rs. 130x Therefore, profit earned = 130x – 100x = Rs. 30x New profit = 4.1 × 30x = Rs. 123x According to the question, (123x/100x) × 100 = 100x Or, x = 1.23 Therefore, actual cost price = 100x = Rs. 123

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