Question : A man sells an article at a loss of 10%. If he had sold it for Rs. 75 more he would have gained 20%. The cost price of the article is (in Rs.):
Option 1: 225
Option 2: 300
Option 3: 150
Option 4: 250
Correct Answer: 250
Solution :
Let the cost price of the article $=C$
The man sells the article at a loss of 10%.
Then the selling price of the article = Rs. 0.9$C$
If he had sold it for Rs. 75 more.
The selling price $=\mathrm{0.9C + 75}$
Given that this would have resulted in a gain of $20\%$.
$0.9C + 75 = 1.2C$
⇒ $C = \frac{75}{0.3} = 250$
Hence, the correct answer is 250.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
