An article is sold at 25 percent loss. If its cost price is doubled a…

Question

An article is sold at 25 percent loss. If its cost price is doubled and selling price is increased by Rs. 660, then there is a profit of 20 percent. What is the original cost price of the article?

Accepted Answer

Option A. Rs. 400. Answer & Solution Answer: Option A Solution: & Given: & CP - SP CP × 100 = 25 - - - ( 1 ) & SP + 660 - 2 CP2 CP × 100 = 20 - - - ( 2 ) & Formula\, used: & Profit \% = Profit CP × 100 & Loss \% = Loss CP × 100 & Profit = SP - CP & Loss = CP - SP & CP = Cost price & SP = Selling p…