An article is sold at a profit of 20% . If the cost price is increase…

Question

An article is sold at a profit of 20% . If the cost price is increased by 10% and the sale price by Rs. 26, then the percentage of profit reduces by 5% . Determine the cost price = ?

Accepted Answer

Option B. Rs. 400. Answer & Solution Answer: Option B Solution: & Let the C .P . be Rs . x & Profit = 20\% & S .P . = Rs. ( 120100 × x ) & \,\,\,\,\,\,\,\,\,\,\, = Rs . 6x5 & New C .P . = Rs . ( 110100 × x ) & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs . 11x10 & New S .P . = Rs. ( 6x5…