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    Question

    An article is sold at 15 (1/2) % profit. If its C.P. is

    increased by Rs. 40 and at the same time if its SP is also increased by Rs. 30, then % of profit becomes 8 %. Find the C.P. (in approx.) 
    A 1.50 Correct Answer Incorrect Answer
    B 1.76 Correct Answer Incorrect Answer
    C 1.46 Correct Answer Incorrect Answer
    D 1.32 Correct Answer Incorrect Answer

    Solution

    Let cp = 100x CP                  SP 100x           115.5x 100x + 40      115.5x + 30  8 = [15.5x - 10/100x + 40] × 100  = Rs 1.76

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