Rohit sells an article at 9% loss. Had he sold it ₹800 more, he would gain 7%. Find initial cost price.
Answer & explanation
Correct answer: option 1
Let CP = x
x × \(\frac{7}{100}\) + x × \(\frac{d}{×}\) = 800
\(\frac{16x}{100}\) = 800
CP = x = \(\frac{800 × 100}{16}\) = 5000