1 View

Question : An article is sold at a loss of 10%. Had it been sold for Rs. 90 more, there would have been a gain of 5%. The original sale price of the article (in Rs.) is:

Option 1: Rs. 540

Option 2: Rs. 600

Option 3: Rs. 628

Option 4: Rs. 650


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Rs. 540


Solution : Here CP denotes cost price and SP denotes selling price.
If the CP of the article is Rs. $x$, then
Difference in the selling price = Difference in the profits
⇒ Rs. 90 = (10% + 5%) of $x$
⇒ $x$ = Rs. 600
SP at 10% loss = CP$(\frac{100- Loss\%}{100})$
⇒ SP = 600$(\frac{100- 10}{100})$
⇒ SP = 600$(\frac{90}{100})$
⇒ SP = Rs. 540
Hence, the correct answer is Rs. 540.

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
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