Question : An article was sold at a loss of 13.5%. If it was sold for INR 1,104 more, then there would have been a profit of 9.5%. The cost price of the article was:
Option 1: INR 4,600
Option 2: INR 4,800
Option 3: INR 4,400
Option 4: INR 4,200
Correct Answer: INR 4,800
Solution :
Let
Loss = 13.5% of cost price =
Selling price = cost price – loss =
When selling price =
Profit = 9.5% of cost price =
Cost price = selling price – profit
⇒
⇒
Hence, the correct answer is INR 4,800.