Profit and Loss Practice Test 4

Question : 1 of 40

Marks: +1, -0

A man sold an article at a loss of 20%. If he sells the article for Rs 12 more, he would have gained 10%. The cost price of the article is:

Solution:

CP of the article = x
SP of the article

=x-{20x}/100=4/5x

According to the statement,

4/5x+12=x+{10x}/100

{4x+60}/5=11/10x

40x + 600 = 55x

600 = 15x

x = Rs 40
Cost price of the article = Rs 40

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