Question

a man sold an article at 5 % its cost price if he had bought it at 5 % less than what he paid for and sold it for a dollar to less he would have gained 10 % find the cost price of the article

Answer 1

A man sells an article at 5% profit. If he had bought. it at 5% less and sold it for Re.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 


Correct Answer:

A) Rs.200


Description for Correct answer

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

= 1000.5×11000.5×1 = Rs.200