Multiple Choice Questions on An article is sold at a profit of 20 If it had been sold at a profit of 25 it would have fetched 35 ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

An article is sold at a profit of 20 If it had been sold at a profit of 25 it would have fetched 35 ...........

Quant (SSC) Profit and loss
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    An article is sold at a profit of 20%. If it had been sold at a profit of 25%, it would have fetched ? 35 more. The cost price of the article is :

    650

    Incorrect Answer

    700

    Correct Answer

    750

    Incorrect Answer

    800

    Incorrect Answer
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    Explanation:

    Let the cost price of the aritcle be ? x, then
    125% of x – 120% of x = 35
    ⇒  5% of x = 35
    ⇒  x =  35 x 100 /5 = 700

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