Question 61

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 ₹).

Solution

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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