A man sold an article at a loss of 20%. If he sells the article for Rs. 12 more, he would have gained 10%. The cost price of the article is
Question and options
A man sold an article at a loss of 20%. If he sells the article for Rs. 12 more, he would have gained 10%. The cost price of the article is
- Rs 60
- Rs 40
- Rs 30
- Rs 22
Answer and explanation
Correct answer: B - Rs 40
Moving from 20% loss to 10% gain is a swing of 30% of CP = Rs 12, so CP = Rs 40.
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CUSAT Three-Year LL.B.
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