Question

A man sells an article at 15% loss. If he had sold it for Rs. 450 more, he would have earned a profit of 10%. Find the cost price of this article.​

Answer 1

Answer:

C) 200

EXPLAINITION=Description for Correct answer:

3% = 6

1% =63=2

100% = 2×100

C.P = 200

Part of solved Profit and Loss questions and answers : >> Aptitude >> Profit and Loss

Answer 2

Given:

Article sold at a loss of 15%

To find:

The cost price of the article

Solution:

The required price is Rs.1,800.

Let the article's cost price be Rs.X.

The profit amount will be calculated as the cost price's percentage.

When the article was sold at 15% loss, the selling price=cost price -loss

So, the article's selling price=X-15% of X

=X-15X/100

=85X/100

Now, as given, the price of selling is increased by Rs.450.

The new selling price=85X/100+450

Profit earned=10%

Cost price+profit= New selling price

X+10% of X=85X/100+450

X+10X/100=85X/100+450

110X/100=85X/100+450

(110X-85X)/100=450

25X/100=450

X/4=450

X=450×4

X=1,800

Therefore, the required price is Rs.1,800.