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A man sold an article at a loss of 20%. If he could sell it for $ 200 more, he would make a profit of 5%. The cost price of the article is
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- $ 700
- $ 800
- $ 850
- $ 900
Correct Option: B
C.P. of article = $ y
| ∴ First S.P. = | = $ | 100 | 5 |
According to question ,
| + 20 = | = | 5 | 100 | 20 |
| ⇒ | - | = 200 | 20 | 5 |
| ⇒ | = 200 | 20 |
| ⇒ | = 200 ⇒ y = 4 × 200 = $ 800 | 20 |
Using the given formula :
Here, a = 20%, R = $ 200, b = 5%
| C.P. = | b + a |
| C.P. = | 5 + 20 |
| C.P. = | = $ 800 | 25 |
