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An article is sold at a profit of 20%. If it had been sold at a profit of 25%, it would have fetched $ 35 more. The cost price of the article is :
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- $ 650
- $ 700
- $ 750
- $ 800
Correct Option: B
Let the cost price be y.
From the question ,
∴ ( 100 + 25 )% of y – ( 100 + 20 )% of y = 35
⇒ 125% of y – 120% of y = 35
⇒ 5% of y = 35
| ∴ y = $ | = $ 700 | 5 |
Hence , The cost price of the article is $ 700 .
