| A shopkeeper sells an article at a loss of \[12\frac{1}{2}%.\]Had he sold the article for Rs. 51.80 more, he would have earned a profit of 6%. The cost price of the article is |
A) 280
B) 580
C) 370
D) 460
Correct Answer: A
Solution :
| Here, A = Rs. 51.80, |
| \[R=12\frac{1}{2}\]%, r=6% |
| Using, \[CP=\frac{A\times 100}{R+r}\] |
| \[\therefore \] \[CP=\frac{51.80\times 100}{12.5+6}=Rs.\,280\] |
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