Quantitative Aptitude Ques 2418

Question: A shopkeeper sells an article at a loss of $ 12\frac{1}{2}%. $ Had he sold the article for Rs. 51.80 more, he would have earned a profit of 6%. The cost price of the article is

Options:

A) 280

B) 580

C) 370

D) 460

Show Answer

Answer:

Correct Answer: A

Solution:

  • Here, A = Rs. 51.80, $ R=12\frac{1}{2} $ %, r=6% Using, $ CP=\frac{A\times 100}{R+r} $

$ \therefore $ $ CP=\frac{51.80\times 100}{12.5+6}=Rs.,280 $