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By selling an article for Rs 600 more, Karthik would have made a 5 % profit on his sale instead of an 11 % loss. What was his cost price?

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Rs. 3750

Rs. 3650

Rs. 3350

Rs. 3950

answer is A.

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Detailed Solution

Given,
Let cost price =x
Selling price difference = 600
Profit percentage difference =

5 - (- 11)

(Negative sign is used for loss)
Now using formula,
Cost price

= \frac{Selling price}{Percentage Difference in profit} \times 100

x = \frac{600}{5 - (- 11)} \times 100

x = \frac{600}{16} \times 100

x = 3, 750

rupees.
So, the cost price of the article is 3750 rupees.
Option 1 is correct.

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