Q:
An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?
Answer & Explanation
Answer: D) Rs. 40
Explanation: Let the cost price of the item = Rs. 50
Sold at 10% loss => for Rs. 50 loss S.P = Rs. 45
From the given data,
25/2 % gain if it is sold at Rs. 9 more
56.25 - 45 = 9
=> 11.25 = 9
=> 22.5 = 18
=> 45 = 36
=> 50 = ?
=>
Hence, the Cost price of the item = Rs. 40.
View Answer
Report Error
Discuss