Question

A man sells an article at a profit of 20%. If he had bought it at 20% less and sold for Rs. 5 less, he would have gained 25%. Find the cost price of the article.

• A. 10
• B. 15
• C. 25
• D. 20

Answer 1

Answer:

C. 25

Let the C.P be Rs. x. Then S.P = Rs. (120/100 * x) = Rs. 6x/5 New C.P = 80% of Rs. x =(80/100 * x) =Rs. 4x/5. Gain = 25% S.P.=125% of Rs. 4x/5 = (125/100 * 4x/5) = Rs. x (x - 4x/5) = 5 x = 25 CP = 25