A shopkeeper sells an item at a loss of 8%. However, if he increases the selling price by ₹36, he could gain 12%. Find the cost price of the article (in ₹) .
Answer & explanation
Correct answer: option 1
Direct concept =
Loss% + Profit% = Amount added in selling price
8% + 12% = 36
20% of CP = 36
100% of CP = 180