Question

A man sold an article at a loss of $20\%$. If he had sold it for Rs. $12$ more, then he would have gained $10\%$. The cost price of the article is

• A. Rs. $60$
• B. Rs. $40$
• C. Rs. $30$
• D. Rs. $22$

Answer 1

Answer: (B)

Rs. $40$

Let CP be Rs$x$

According to the question

$\frac{4x}{5}+12=x+\frac{10x}{100}$

$⟹8x+120=11x$

$3x=120$

$x=40$