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An article was sold at 16% gain. Had it been sold for $ 200 more, the gain would have been 20%. Then the cost price of the article is:
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- $ 5000
- $ 4800
- $ 4500
- $ 5200
Correct Option: A
Suppose C.P. of article be $ y.
According to question ,
y × | + 200 = | 100 | 100 |
⇒ y × | = 200 | 100 |
⇒ y × | = $ 5000 | 4 |
We can find required answer with the help of given formula :
Here, a = 16%, R = $ 200, b = 20%
C.P. = | b - a |
C.P. = | 20 - 16 |
C.P. = | = $ 5000 | 4 |