A person sold an article at a loss of 12% Had he sold it at a gain of 10.5%, he would have got ₹ 112.50 more. What is the original selling price (in ₹) of the article?
Answer & explanation
Correct answer: option 1
Direct concept = Loss% + Profit% = Given more amount in rupees
12% + 10.5% = 112.5
22.5% of CP = 112.5
100% of CP = 500
Selling price of the article = 500 × \(\frac{88}{100}\) = 440