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If more is gained by selling an article for Rs.350 than by selling it for Rs. , what is the cost of the article ?

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Rs. 50

Rs. 160

Rs. 200

Rs. 225

answer is C.

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Detailed Solution

Concept: We will be using the gain formula to represent the relationship between the two gains as an equation.
Consider Cost price of the article as Rs.

If the selling price is Rs. 340,
Gain

If the selling price is Rs. 350,
Gain

Then, additional

gain

[since gain

Rs. 200
Hence, the correct answer is option (3) .

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