Question : A shopkeeper gains 20% in place of a 16% loss if the selling price of an article is increased by INR 324. The cost price of the article is:
Option 1: INR 900
Option 2: INR 750
Option 3: INR 1,350
Option 4: INR 60
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Correct Answer: INR 900
Solution : Given: A shopkeeper gains 20% in place of a 16% loss. Difference in profit = 20 + 16 = 36% According to the question, ⇒ 0.36 of Cost price = 324 ⇒ Cost price = $\frac{324}{0.36}$ ⇒ Cost price = $\frac{32400}{36}$ ⇒ Cost price = INR 900 Hence, the correct answer is INR 900.
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