When an article is sold for ₹115, the profit is twice as much as when it is sold for ₹95. The cost price of the article is
Answer & explanation
Correct answer: option 2
When Selling price = 115 ,
Let cost price of article = A
Profit = 115 - A
When Selling price = 95
Profit =95 - A
According to the information given,
115 - A = 2(95 - A)
115 - A = 190 - 2A
115 + A = 190
A = 190 - 115
A = 75
So, the cost price of the article is ₹75.