Question

Gaurav sold an article at a loss of 10%. If the selling price had been Rs. 125 more, there would have been a gain of 15%. The cost price of the article (in Rs.) was:

• A. 250
• B. 500
• C. 300
• D. 400

Answer 1

Answer:

B. 500

Let the Cost price of the article be Rs. x. Then, Selling price = Rs. 0.9x ⇒ 0.9x + 125 = 115% of x ⇒ 0.9x + 125 = (23/20)x ⇒ 18x + 2500 = 23x ⇒ 5x = 2500 ⇒ x = Rs. 500