Question

If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:

• A. Rs. 50
• B. Rs. 160
• C. Rs. 200
• D. Rs. 225
• E. Rs. 230

Answer 1

The correct option is C

Rs. 200

Let C.P. be Rs. x.

Then, 5% of x = (350 - 340) = 10 $⟹$ $\frac{x}{20}$= 10

x = 200.