Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2004 · Marks: · Difficulty:
A tradesman sold an article at a loss of 20%. If the selling price had been increased by ` 100, there would have been a gain of 5%. What was the cost price of the article?
Answer
Answer (as printed):
Explanation
Let C.P. be ` x. Then, (105% of x) – (80% of x) = 100 or 25% of x = 100 x ∴ = 100 or x = 400. 4 So, C.P. = ` 400.
Explanation as extracted from the printed page; notation may be imperfect.