A person sells an article for Rs. 75 and gains as much percent as the cost price of the article in rupees. The cost price of the article is = ?
A. Rs. 37.50
B. Rs. 40
C. Rs. 50
D. Rs. 150
Answer: Option C
Solution (By Examveda Team)
In this type of question go through optionOption : C
Cost price = Rs. 50
Gains as much percentage as the cost price of the article means 50% gains
50% of cost price
50% of Rs. 50 = Rs. 25
Selling price = Cost price + Profit
Selling price = 50 + 25
Selling price = Rs. 75
This Question Belongs to Arithmetic Ability >> Profit And Loss
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