Home » Aptitude » Profit and Loss » Question
  1. A man sells an article at a gain of 15%. If he had bought it at 10% less and sold it for $ 4 less, he would have gained 25%. The cost price of the article is
    1. $ 140
    2. $ 150
    3. $ 160
    4. $ 185
Correct Option: C

C.P. of article be $ y.

S.P. at 15% gain =
115y
=
23y
10020

New C.P. = $
90y
100

New S.P. = $
90y
×
125
= $
9y

1001008

23y
-
9y
= 4
208

46y - 45y
= 4
40

⇒ y = 40 × 4 = $ 160



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