Question

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

The Cost Price is?

• A. $400$
• B. $500$
• C. $600$
• D. $700$

Answer 1

The correct option is B $500$

Let CP be $x$

${SP}_1=\frac{104x}{100}{SP}_2=\frac{105x}{100}\frac{105x}{100}-\frac{104x}{100}=5\Rightarrow x=Rs.500$

$\therefore$ The cost price is Rs.$500$