Multiple Choice Questions on A tradesman sold an article at a loss of 20 if the selling price has been increased by Rs100 ther wo........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A tradesman sold an article at a loss of 20 if the selling price has been increased by Rs100 ther wo...........

Quantitative Aptitude ( CCS) Profit and loss
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    A tradesman sold an article at a loss of 20%.if the selling price has been increased by Rs100,ther would have been a gain of 5%.what was the cost price of the article?

    350

    Incorrect Answer

    380

    Incorrect Answer

    400

    Correct Answer

    420

    Incorrect Answer
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    Explanation:

    Let C.P be Rs x. then (105% of x)-(80 % of x)=100 or 25% of x=100
    x/4=100 or x=400
    so,C.P =Rs 400

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