Multiple choice

A person sells an article at 10% below its cost price. Had he sold it for 332 more, he would have made a profit of 20%. What is the original selling price (in Rs) of the article?

  1. 996

  2. 1328

  3. 1028

  4. 896

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

Let CP = x. Original SP at 10% loss = 0.9x. If sold for Rs. 332 more: 0.9x + 332 = 1.2x (for 20% profit). Solving: 0.3x = 332, x = 1106.67. Original SP = 0.9 × 1106.67 = Rs. 996.