An article is sold at a gain of 15% . Had it been sold for Rs. 27 more, the profit would have been 20% . The cost price of the article is = ?
A. Rs. 500
B. Rs. 700
C. Rs. 540
D. Rs. 545
Answer: Option C
Solution(By Examveda Team)
$$\eqalign{ & {\text{Let cost}}\,{\text{price}}\,{\text{be}}\,x \cr & {\text{profit}} = \frac{{15x}}{{100}} \cr & {\text{If}}\,{\text{it}}\,{\text{was}}\,{\text{sold}}\,{\text{for}}\,{\text{Rs}}{\text{.}}\,27\,{\text{more,}} \cr & {\text{profit}} = \frac{{20x}}{{100}} \cr & \frac{{20x}}{{100}} - \frac{{15x}}{{100}} = 27 \cr & \frac{{5x}}{{100}} = 27 \cr & \frac{x}{{20}} = 27 \cr & \therefore x = 540 \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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