Question

A shopkeeper sold a product at 10% loss. Had his selling price been Rs. 100 more, he would have made a profit of 10%. What was the cost price ?

• A. 500
• B. 600
• C. 700
• D. 800

Answer 1

Answer:

A. 500

Let the cost price of the article be Rs. X Then selling price= 0.9X .9X + 100 = 110%of X 0.9X + 100 = 1.1X 0.2X = 100 X = 100/0.2 = 500