An article is sold at a gain of 10%. Had it been sold for Rs. 26 more, the…
2023
An article is sold at a gain of 10%. Had it been sold for Rs. 26 more, the profit would have been 15%. The cost price of the article is:
- A.
Rs 480/-
- B.
Rs 500/-
- C.
Rs 510/-
- D.
Rs 520/-
Attempted by 8 students.
Show answer & explanation
Correct answer: D
Let the cost price be Rs. x.
The difference in profit percentage is 15% - 10% = 5%.
This 5% difference corresponds to the Rs. 26 increase in selling price.
Therefore, 5% of x = 26, which means 0.05x = 26.
Solving for x gives x = 26 / 0.05 = Rs. 520.