Multiple choice

By selling an article for Rs 600 more, Karthik would have made 5% profit on his sale invested of a 11% loss. What was his cost price?

  1. 3750

  2. 3650

  3. 3350

  4. 3950
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Interpreting the statement as an 11% loss changing to a 5% profit when the price increases by Rs. 600, the increase is 16% of the cost price. Thus, 16% of the cost price is Rs. 600, giving a cost price of Rs. 3750.

AI explanation

The difference between a 5% profit and an 11% loss equals a 16% total value difference (adding 5 and 11). This means Rs 600 equals 16% of the cost price. Solving the equation 0.16 times CP equals 600 gives a cost price of Rs 3750.

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