An article was sold at a loss of 18 If it was sold for Rs2 475 more then there would have been a pro...........

Quantitative Aptitude (MTS) Profit and loss

An article was sold at a loss of 18%. If it was sold for Rs2,475 more, then there would have been a profit of 12% . The cost price

of the article is:

This questions was previously asked in

SSC MTS 7th October 2021 Shift-1

Rs8,250

Rs8,500

Rs8,000

Rs8,200

- Let's denote the cost price of the article as \( C \).

- Initially, the article was sold at a loss of 18%. So, its selling price was \( C - 0.18C = 0.82C \).

- If sold for Rs 2,475 more, the selling price would have been \( C + 0.12C = 1.12C \).

- The difference between these two selling prices is Rs 2,475. Therefore, \( 1.12C - 0.82C = 2,475 \).

- This simplifies to \( 0.30C = 2,475 \).

- Solving for \( C \), we find \( C = \frac{2,475}{0.30} = 8,250 \).

Option 1: Rs 8,250 is correct.

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