Multiple choice

The cash difference between the selling prices of an article at a profit of $4 \%$ and $5\%$ is Rs. $5$. The Cost Price is?

  1. $400$
  2. $500$
  3. $600$
  4. $700$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be x. 0.05x - 0.04x = 5. Therefore, 0.01x = 5, which means x = 500.

AI explanation

Let the cost price of the article be x. The difference in selling prices at 5% and 4% profit is 1% of the cost price, which is given as Rs. 5. Using the equation 0.01 times x equals 5, we find x equals 5 divided by 0.01. Therefore, the cost price of the article is Rs. 500.

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