A shopkeeper sells a pair of sunglasses at a profit of 25%. If he had bought it at 25% less and sold it for Rs 10 less, then he would have gained 40%. The cost price of the pair of sunglasses is
Question and options
A shopkeeper sells a pair of sunglasses at a profit of 25%. If he had bought it at 25% less and sold it for Rs 10 less, then he would have gained 40%. The cost price of the pair of sunglasses is
- Rs 25
- Rs 50
- Rs 60
- Rs 75
Answer and explanation
Correct answer: B - Rs 50
Let CP = x, SP = 1.25x. New CP = 0.75x, new SP = 1.25x - 10 = 1.40 x 0.75x = 1.05x. So 0.20x = 10, x = Rs 50.
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CUSAT Three-Year LL.B.
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