Question 35

A man sells an article at 5% above its cost price.\f he had bough tit at 5% less than what he had paid for it and sold it at 2 less, he would have gained 10%. The cost price of the article is

Solution

Let the cost price be Rs.x

Then Selling price = Rs. 1.05 x

If he had bough tit at 5% less than what he had paid for it and sold it at 2 less, he would have gained 10%,

new cost price = .95 x

new selling price = 1.05 - 2

$$\frac{1.05x - 2 - .95x}{.95x} \times 100 = 10$$

x = 400

So, the answer would be option d)Rs.400

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