A man bought an article and sold it at a gain of . If he had bought it at less and sold it for Rs.1 less he would have made a profit of . The CP of the article was:

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200 Rs

300 Rs

400 Rs

500 Rs

answer is A.

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Detailed Solution

Concept- A percentage is indeed a number or ratio that is a fraction of one hundred. Profit and loss percentage refers to the quantity of profit or loss which has been imposed in percentage.
Here, the man bought an article and sold it at a gain of

.
The original cost price is Rs.

Selling price

New cost price

New selling price

It is also given that difference between old and new selling price in Rs.1

Therefore, C.P. of the article is Rs. 200.
Hence, the correct answer is option (1).

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