Question

9. A man sells an article at 5% profit. If he had bought it
at 5% less and sold it for Rs. 1 less, he would have
gained 10%. The cost price of the article is:
(a) Rs. 200 (b) Rs. 150
(c) Rs. 250
(d) Rs. 240​

Answer 1

Answer:

Correct Answer:

A) Rs.200

Step-by-step explanation:

Let. the CP of the article be Rs.100.

Then, SP = Rs.105

If CP = Rs.95

New SP = Rs.104.5

If he sells it for Rs.0.5 less than CP = Rs.100

If he sells it for Rs.1 less than CP

= 100/0.5×1 = Rs.200