Profit and loss

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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

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

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