Multiple choice

A trader should sold a product at a profit of 6%. If the selling price had been decreased by Rs 200 there would have been a loss of 10%. The cost price of the product is:

  1. 1200

  2. 1205

  3. 1250

  4. 1275

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = x. At 6% profit, SP = 1.06x. Decreased SP = 1.06x - 200, which gives 10% loss, so 0.9x. Thus 1.06x - 200 = 0.9x, giving 0.16x = 200, so x = 1250. Option C is correct.

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