An article is sold at 25 profit If the CP and the SP of the article are increased by Rs 60 and Rs 30...........

Quant (SSC) Profit and loss

An article is sold at 25% profit. If the CP and the SP of the article are increased by Rs 60 and Rs 30 respectively, the profit% decreases by 15%. Find the cost price of the article.

Rs 190

Rs 240

Rs 285

Rs 305

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Explanation:

CP = x, then SP = (125/100)*x = 5x/4
New CP = (x+60), new SP = (5x/4 + 30),
new profit% = 25-15 = 10
So (5x/4 + 30) = (110/100) * (x+60)
Solve, x = 240