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Sandeep sells an article at a loss of 10%. Had he bought it at 20% less and sold it for Rs. 55 more, he could have gained 40%. What is the cost price of the article?
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- Rs. 200
- Rs. 225
- Rs. 250
- Rs. 275
Correct Option: C
Case I :
Suppose C.P. of article = Rs. y
At 10% loss ,
First S.P. = Rs. | 10 |
Case II :
At 20% less ,
C.P. = | = Rs. | 100 | 5 |
According to the question,
× | - | = 55 | | 5 | 100 | 10 |
⇒ | - | = 55 | 50 | 10 |
⇒ | = 55 | 50 |
⇒ 11y = 50 × 55
⇒ y = | = Rs. 250 | 11 |