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- A merchant sold an article at 10% loss.
Question 1:
A merchant sold an article at 10% loss. If he had sold it Rs 450 more, 8% would have been gained on the cost price. Find the cost price? A. Rs 1200
B. Rs 1800
C. Rs 1500
D. Rs 2500
Feedback Let the cost price be 100%. It is sold at 10% loss. So it is sold at 90% of the cost price.
90 % of the cost price + 450 = 108% of the Cost price 18% of the cost price = Rs 450
Cost price of the article = 450/18 x 100 = Rs 2500
90 % of the cost price + 450 = 108% of the Cost price 18% of the cost price = Rs 450
Cost price of the article = 450/18 x 100 = Rs 2500
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