Multiple choice

A person purchased an item and sold it at a loss of 15%. Had he brought it for 25% less and sold it for Rs. 117 more, he would have a profit of 35%, what is the cost price of the item?

  1. 600

  2. 720

  3. 800

  4. 890

  5. 580

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

Let CP = x. First scenario: SP = 0.85x (15% loss). Second scenario: new CP = 0.75x, SP = 0.85x + 117 = 1.35(0.75x) = 1.0125x. Solving: 0.85x + 117 = 1.0125x gives x = 720. Verify: 720 × 0.75 = 540, 540 × 1.35 = 729 = 657 + 117.