a shopkeeper sells an item at a profit of 12%.if he reduces the price of item by 130.he makes a loss of 8%.what is the cost price ofbitem
A. 540
B. 500
C. 650
D. 600
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Let his CP was X.
SP = X + 12% of X = 1.12X
After Reducing price,
1.12X- 130 = X - 8% of X
1.12X - 130 = 0.92X
0.2X = 130
X = 650.
CP was Rs. 650.