Profit and Loss Practice Test 5

Question : 1 of 40

Marks: +1, -0

An increase of Rs. 3 in the selling price of an article turns a loss of

7 1 /2 %

into gain of

7 1/ 2 %

. What is the cost price (in Rs.) of the article?

Solution:

Here,

(15/2+15/2)%=3

⇒100%=3/15×100=20

Hence, C.P. of the article = Rs. 20

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