A trader presently earns 17% profit by selling an article. If he increases the price of the article by ₹33.60, his gain percent increases to 29%. What is the cost price of article?
Answer & explanation
Correct answer: option 2
Direct concept =
Second Profit - First Profit = gain in price of the article
29% - 17% = 33.60
12% of CP = 33.6
100% of CP = ₹280