Question

    A product is sold at 15% profit. If its cost price had

    been 25% lower, and it was sold at a 30% loss, the seller would have made Rs. 280 less. What was the original cost price of the product?
    A Rs.520 Correct Answer Incorrect Answer
    B Rs.448 Correct Answer Incorrect Answer
    C Rs.660 Correct Answer Incorrect Answer
    D Rs.720 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the original cost price be Rs. x Original selling price = 1.15x New cost price = 0.75x (25% less) New selling price = 0.7 × 0.75x = 0.525x (30% loss on new cost price) Difference in earnings = 1.15x – 0.525x = Rs. 280 ⇒ 0.625x = 280 ⇒ x = 280 / 0.625 = Rs. 448

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