Multiple choice

If an article is sold at 8% profit instead of 8% loss, it would have brought Rs.12 more Find the cost price of the article?

  1. Rs. 60

  2. Rs. 72

  3. Rs. 70

  4. Rs. 75
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The difference between 8% profit and 8% loss is 16% of the cost price. This equals Rs. 12. Therefore, CP = 12/0.16 = Rs. 75. Option A (Rs. 60) would give 16% of Rs. 60 = Rs. 9.60, not Rs. 12. Option B (Rs. 72) would give 16% of Rs. 72 = Rs. 11.52. Option C (Rs. 70) would give 16% of Rs. 70 = Rs. 11.20. Only option D satisfies the condition.

Keep practicing — related questions