Question : If an article is sold at a 6% profit instead of a 6% loss, the seller gets INR 60.72 more. Find the Cost price of the article.
Option 1: INR 506
Option 2: INR 606
Option 3: INR 572
Option 4: INR 672
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Correct Answer: INR 506
Solution : Let the cost price of the article be 100$x$. If it is sold for 6% profit, then the selling price = 106$x$ If it is sold for 6% loss, then the selling price = 94$x$ The difference in the selling price = 106$x$ – 94$x$ = 12$x$ Given, the difference in price = 60.72 According to the question: ⇒ 12$x$ = 60.72 ⇒ $x$ = $\frac{60.72}{12}$ ⇒ The cost price of the article = 100$x$ = 100 × $\frac{60.72}{12}$ = INR 506 Hence, the correct answer is INR 506.
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Question : A person bought an article and sold it at a loss of 10%. If he had bought it for 30% less price and sold it for INR 90 more, then he would have earned a profit of 35%. What is the cost price of the article?
Option 1: INR 2400
Option 2: INR 2000
Option 3: INR 2100
Option 4: INR 2200
Question : While selling an article for INR 8,442, a person suffered a loss of 30%. At what price he should have sold the article to earn a profit of 20%?
Option 1: INR 15,686
Option 2: INR 14,472
Option 3: INR 12,806
Option 4: INR 13,885
Question : A merchant sold an article at a 20% loss. If he had sold it for Rs. 390 more, 6% would have been gained on the cost price. What is the cost price of the article?
Option 1: Rs. 1,200
Option 2: Rs. 2,600
Option 3: Rs. 1,500
Option 4: Rs. 1,800
Question : The selling price of an article is four times of its cost price. If the selling price is reduced by INR 300, then the profit becomes 250%. What is the cost price of the article?
Option 1: INR 400
Option 2: INR 450
Option 3: INR 800
Option 4: INR 600
Question : The selling price of an article is INR 520. If the loss percentage is 20%, then what is the cost price of the article?
Option 1: INR 600
Option 2: INR 650
Option 3: INR 700
Option 4: INR 720
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