A trader sold a cycle at a loss of 10 If the selling price had been increased by Rs 200 there would ...........

Quantitative Aptitude (CGL) Profit and loss

A trader sold a cycle at a loss of 10%. If the selling price had been increased by Rs. 200, there would have been a gain of 6%. The cost price of the cycle is

Rs.1200

Rs.1205

Rs.1250

Rs.1275

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Explanation:

Suppose that the cost price of the cycle= Rs. x;
x -----(sold at a loss of -10% )----> 0.90x;
0.90x------------(Rs. 200 increase)------> 0.90x + 200;
As per the stated condition,
0.90x + 200 = 1.06x;
x = Rs. 1250