A shopkeeper sold an article at a loss of 20%. But if he could sell it at Rs.200 more :

A shopkeeper sold an article at a loss of 20%. But if he could sell it at Rs.200 more, he could earn a profit of 5%. The cost price of the article is

  1. Rs.1,000
  2. Rs.1,200
  3. Rs.600
  4. Rs.800
Anurag Mishra Professor Asked on 29th December 2015 in Maths.
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1 Answer(s)

Answer is Rs.800.

Explanation:-
Let the cost price of an article be Rs. X

According to the question, 
X x 105/100 – X x 80/100  = 200
21 X/20 – 16 X/20 = 200
21 X – 16 X = 200 x 20
5 X = 4, 000
X = 4, 000/5
X = 800

Then, the cost price of the article is Rs. 800. 

Hence, the correct answer is option (4) Rs. 800. 

Monis Rasool Professor Answered on 29th December 2015.
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