Profit and Loss Practice Test 3

Question : 10 of 40

Marks: +1, -0

A tradesman sold an article at a loss of 20%. If the selling price had been increased by Rs. 100, there would have been a gain of 5%. What was the cost price of the article?

Rs. 350
Rs. 400
Rs. 450
Rs. 500

Validate

Solution:

The difference of percentage between loss of 20% and gain of 5% = 20 + 5 = 25%
Hence, 25% = Rs. 100
∴ 100% =

100/25 ×100

= Rs. 400
∴ C.P. = Rs. 400

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