Profit and Loss Q.7

0. A man sells an article at a profit of 8%. If the cost price were 10% less and the selling price Rs 18 less, then his profit would have been 15%. Find the cost price of the article.

  • Option : D
  • Explanation : Let C.P. of the article = 100
    ∴ Old S.P. = 108. New C.P. = 90. As the profit is 15%, so the new S.P. = 90 × 115/100 = 103.5. The difference in the two selling prices = 108 – 103.5 = Rs 4.5 If difference in S.P. is 4.5 then C.P. = 100. If difference in S.P. is 18, then C.P. = (100/4.5) × 18 = Rs 400.
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