Anu sold an article for Rs. 480 at some profit. Had she sold it for Rs. 400. Then there would have been a loss equal to one-third of the initial profit. What was the cost price of the article?
A. Rs. 430
B. Rs. 450
C. Rs. 420
D. Rs. 425
Answer: Option C
Solution(By Examveda Team)
Loss = $$\frac{1}{3}$$ Profit$$\frac{{{\text{Loss}}}}{{{\text{Profit}}}} = \frac{1}{3}$$
Cost price = 480 - 3x = 400 + x
4x = 80
x = 20
Cost price = 400 + 20 = 420
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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