Elitmus Exam Numerical Ability Profit and Loss

A dealer sells an article at a profit of 1/4 of the cost. Had he sold at a profit of 1/4 of the selling price, he would have gained Rs 50 more. The cost of the article is ?

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Elitmus Other Question

A grain merchant purchased 2 varieties of rice, the price of the first kind being twice that of the second. He sells the mixture for rs 28 per kg making a profit of 25%. If the ratio of the first to the second is 2:3 in the mixture, then the variety coated is? Y=(X^4)+4
Where X is a 4 digit number. What is the probability that Y is divided by 5
a)1/5
b)2/5
c)4/5
d)1

This is asked in today's(9/2/14) exam