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 $