An article when sold at a gain of 5% yields Rs. 56 more than when sold at a loss of 15%. The cost pr

M4maths Previous Puzzles

14 Mar 2019 Profit & Loss

An article when sold at a gain of 5% yields Rs. 56 more than when sold at a loss of 15%. The cost price of the article is:

OPtion

1) 150
2) 200
3) 180
4) 240
5) 280
6) 320
7) 260
8) 270
9) 300
10) None of these

Solution

Let CP =100%
Also by formula SP%=CP%-loss%
SP%=CP%+Profit%
Thus we have SP%=105%..in profit
SP%=85%...in loss
Thus. (105-85)%=20%

So diff is 20 when CP was 100
For 56, CP = (100/20)*56 = 280

Correct Option: 5 Best Solution (0)