Q.

A tradesman sold an article at a loss of 20% If the selling price had been increased by 100 Rs, there would have been a gain of 5%, the cost price of the article is 

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a

200 Rs

b

400 Rs

c

250 Rs

d

225 Rs

answer is C.

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Detailed Solution

Let the C.P at the article be x Rs

S.P at the article at a loss of 20%

=80100×x=80x100Rs

S.P at the article at a profit of 5%

=105100×x=105x100

According to the question

80x100+100=105x100

105x10080x100=100

x=100×10025=400Rs 

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A tradesman sold an article at a loss of 20% If the selling price had been increased by 100 Rs, there would have been a gain of 5%, the cost price of the article is