Q35
ArithmeticPercentage, Profit & Loss
A shopkeeper sold an article at 20% loss. Had he sold it at ₹ 200 more, he could have earned a profit of 5%. What is cost price of the article?
- a.800
- b.8,000
- c.700
- d.600
Answer: (A) 800
Going from a 20% loss to a 5% profit is a swing of 25% of the cost price, and this equals ₹ 200. So the cost price is 200 ÷ 0·25 = ₹ 800. ₹ 8,000 would need a swing of ₹ 2,000.