Question

The loss incurred on selling an article for Rs. 270 is as much as the profit made after selling it at 10% profit. What is the cost price of the article?

• A. Rs. 90
• B. Rs. 110
• C. Rs. 363
• D. Rs. 300

Answer 1

Answer:

D. Rs. 300

Let cost price of an article be CP 10 = [(CP - SP)/CP] × 100 CP = 10CP - 10SP SP = 9CP/10 Selling price of an article = Rs. 270 9CP/10 = 270 CP = 300