Multiple choice

Sushma sold an article at a loss of 12%. If she had sold it for Rs. 50.80 more, then she would have earned a profit of 8%. Find the cost price of the article.

  1. Rs. 260

  2. Rs. 250

  3. Rs. 254

  4. Rs. 244

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP be x. Loss of 12% means SP1 = 0.88x. Profit of 8% means SP2 = 1.08x. Difference = 0.20x = 50.80. x = 50.80 / 0.20 = 254.

AI explanation

The difference between a 12% loss and an 8% profit is a total value shift of 20% of the cost price. This 20% change corresponds exactly to the Rs. 50.80 increase in the selling price. Setting up the equation 0.20 multiplied by the cost price equals 50.80 gives a cost price of 50.80 divided by 0.20, resulting in Rs. 254.