Hari suffered a loss of 8 by selling an article If he had sold it for Rs300 more he would have made ...........

Quantitative Aptitude (CGL) Profit and loss

Hari suffered a loss of 8% by selling an article. If he had sold it for Rs300 more, he would have made a profit of 4%. Find his CP (in

Rs).

This questions was previously asked in

SSC CGL 20th August 2021 Shift-3

2400

2250

2575

2500

- Hari incurs a loss of 8% when selling an article.

- Sold price under loss: Let CP be \( x \). Selling at 8% loss means SP = \( x \times (1 - 0.08) = 0.92x \).

- If sold for Rs 300 more, he'd make a 4% profit, hence the new SP = 1.04x.

- Equation: \( 0.92x + 300 = 1.04x \).

- Solve for CP: \( 300 = 1.04x - 0.92x \) ? \( 300 = 0.12x \) ? \( x = \frac{300}{0.12} = 2500 \).

- Correct Answer: Option 4 - 2500

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