The profit earned by a shopkeeper by selling a bucket at a gain of 8%…

Question

The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs. 28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is = ?

Accepted Answer

Option C. Rs. 175. Answer & Solution Answer: Option C Solution: Let CP be 100 CP SP Case 1 → 100 108 Case 2 → 100 92 & ( 108 - 92 ) unit = Rs .\,28 & 16 unit = Rs .\,28 & 1 unit = 2816 & 100 unit = 2816 × 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs .\,175 & Cost\, Price = Rs…