Question

A shopkeeper sold a book at a loss of 14%. If the selling price had been increased by Rs.100, there would have been a gain of 6%. What was the cost price of the book?

• A. Rs.500
• B. Rs.450
• C. Rs.650
• D. Rs.970

Answer 1

Answer:

A. Rs.500

.SP = C - 0.14C = 0.86C 0.86C + 100 = 1.06C 100 = 1.06C - 0.86C 100 = 0.2C C = 100 / 0.2 C = 500