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

Solution

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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