Question

A shopkeeper sells an article at Rs. 40 and gets X% profit. However, when he sells it at Rs. 20, he faces same percentage of loss. What is the original cost of the article?

Rs. 10
Rs. 20
Rs. 30
Rs. 40

Answer 1

Answer:

The correct option is C.

Explanation:

Profit and loss is calculated on the cost price. Let the cost price of the article be P.

Profit % = Loss %

(40 - P)/P = (P - 20)/P

2P = 60

P = 30

Answer 2

Answer:

The correct option is D.

Explanation: