Quantitative Aptitude Ques 1698

Question: A tradesman prices his goods so as to gain 5%. A fall of 10% in the wholesale price occurs and he alters his selling price so as to gain 10% under the new conditions. A customer now purchases an article at Rs. 12 less than before. The former price of the article was

Options:

A) 200

B) 125

C) 190

D) 188

Show Answer

Answer:

Correct Answer: A

Solution:

  • Let original $ CP=100x $ Original $ SP=105x $ Present $ CP=90x $ Present $ SP=\frac{11}{10}\times CP=\frac{11}{10}\times 90x=99x $ Difference between $ SP=105x-99x=99x $ But $ 6x=12 $
    $ \Rightarrow $ $ x=2 $

$ \therefore $ Original $ CP=100\times 2=200 $