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    Question

    The cost price of a bag was such that when sold at a

    profit of 35%, it fetched a certain amount. But if it had been sold at a profit of 20%, the trader would have made Rs.180 less. Find the cost price.
    A Rs.1200 Correct Answer Incorrect Answer
    B Rs.2000 Correct Answer Incorrect Answer
    C Rs.1500 Correct Answer Incorrect Answer
    D Rs.2500 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the CP be Rs.x. x * 135/100 – x * 120/100 = 180 27x/20 – 6x/5 = 180 27x/20 – 24x/20 = 180 3x/20 = 180 3x = 3600 x = 1200 The cost price = x = Rs.1200

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