Question

A man sold an article at a loss of 20%. If he sells the article for Rs. 12 more, he would have gained 10%. The cost price of the article is.

• A. 60
• B. 40
• C. 30
• D. 22

Answer 1

Answer:

B. 40

Let, the cp = x

According to the question;

110x/100 - 80x/100 = 12

11x/10 - 4x/5 = 12

11x - 8x = 120

x= 120/3 = 40