Multiple choice

A loss of 19\% gets converted into a profit of 17\% when the selling price is increased by Rs.162. The cost price of the article is

  1. Rs.360

  2. Rs.450

  3. Rs.540

  4. Rs.600

  5. Rs.720
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = x. Initial SP at 19% loss = 0.81x. New SP at 17% profit = 1.17x. Increase = 1.17x - 0.81x = 0.36x = Rs.162. So x = 162/0.36 = Rs.450. Option B is correct.

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