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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