A man bought article and sold it at a gain of 10% . If he had bought it at 20% less and sold it for Rs.10 more, he would have made an profit of 40%. The cost price of the article is:
Let the cost price of article = 100x
Then selling price will be 110x
If he had bought it at 20% less and sold it for Rs.10 more, he would have made an profit of 40%,
140% of 80x = 110x + 10
112x = 110x + 10 (or) x = 5
Cost price of the article = 100(5) = 500
Hence, option A is the correct answer.
Create a FREE account and get:
