Question

28. A man sold an article at a profit of 25%. If he had bought it at 10% less and sold for Rs.10 more ,the gain would have been 40%. Cost price is 1) 1,000 2) Rs. 1,500 3) Rs, 2,000 4) Rs. 1,100 5) None of these​

Answer 1

Explanation:

Let ‘x’ be the cost price of the article.

Then selling price = x * 110/100 = 1.1x

If he had bought for 20% less, then cost price = 0.8x

With 40% profit, selling price will be = 0.8x * 140/100 = 1.12x

Hence we have, 1.12x - 1.10x = 10

0.02x = 10

x = 10/.02 = ₹500