Q121
ArithmeticPercentage, Profit & Loss
If selling price of a commodity is increased by ₹ 35, the profit is increased by 7%. Find cost price of the article.
- a.₹ 245
- b.₹ 350
- c.₹ 500
- d.₹ 700
Answer: (C) ₹ 500
Profit percentage is measured on cost price, so the extra ₹ 35 equals 7% of the cost price. Cost price = 35 ÷ 0·07 = ₹ 500. ₹ 245 multiplies instead of dividing.