Hari suffered a loss of 8% by selling an article. If he had sold it for ₹300 more, he would have made a profit of 4%. Find his CP (in ₹).
Let the cost price of article = 100C
Hari suffered a loss of 8% by selling an article.
Selling price of the article = $$\frac{92}{100}\times$$100C = 92C
If he had sold it for ₹300 more, he would have made a profit of 4%.
92C + 300 = $$\frac{104}{100}\times$$100C
92C + 300 = 104C
12C = 300
C = 25
The cost price of article = ₹2500
Hence, the correct answer is Option D
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