A shopkeeper earns twice profit after selling an article in Rs.75 then the profit incurred after selling the article in Rs.60. Find cost price of the article.
Answer & explanation
Correct answer: option 3
Profit after selling the article at Rs.75 = 75 - C.P.
Profit after selling the article at Rs.60 = 60 - C.P.
ATQ,
75 - C.P. = 2 × (60 - C.P.)
75 - C.P. = 120 - 2 C.P.
C.P. = 45