A shopkeeper sells an article at 13$\frac{1}{2}$ loss. If he sells it for ₹1,274 more, then he gains 11%. What is the cost price of the article?
Answer & explanation
Correct answer: option 3
Loss = 13$\frac{1}{2}$
Gain would be = 11%
ATQ,
11% + 13$\frac{1}{2}$ = ₹1,274
1% = 52
100% = Rs.5,200