If 5% more is gained by selling an article for ₹ 350 than by selling it for ₹ 340, the cost of the article is · ABC26GN2732

Subject: General Aptitude · Chapter: Profit and Loss

If 5\% more is gained by selling an article for ₹ 350 than by selling it for ₹ 340, the cost of the article is

(a)₹ 50

(b)₹ 160

(c)₹ 200

(d)₹ 225

Answer

Answer (as printed): C

Explanation

Let C.P. be ₹ $x$. Then, $5 \%$ of $x=(350-340)=10 \Rightarrow \frac{x}{20}=10 \Rightarrow x=200$.

Explanation as extracted from the printed page; notation may be imperfect.

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