5 Views

Question : A shopkeeper sells an item at a loss of 8%. However, if he increases the selling price by Rs. 36, he could gain 12%. Find the cost price of the article (in Rs.).

Option 1: 180

Option 2: 270

Option 3: 150

Option 4: 360


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 180


Solution : Given,
Loss percentage = 8%
Increase in Selling price = Rs 36
Gain percentage = 12%
(100 + Gain %) – (100 – Loss %) = Increase
Let the cost price of an item be Rs $x$.
According to the question,
⇒ $(100 + 12)x - (100 - 8)x = 36 × 100$
⇒ $112x - 92x = 3600$
⇒ $x = \frac{3600}{20}$
⇒ $x = 180$
Hence, the correct answer is 180.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books