Question 102

A shopkeeper sold article at a loss of 20%. But if he could sell it at ₹200 more, he could earn a profit of 5% The cost price of the article is

Let, cost price be 100x then selling price will be 80x

If he sold the article for 200 more then he would earn a profit of 5%

105x = 80x + 200

25x = 200

x = 8

Cost price = 800.

Hence, option A is the correct answer.

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