A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹)of the article is:
Answer & explanation
Correct answer: option 1
ATQ,
16% below the cost price = 84% of the cost price
Gain of 15% means = 115% of the cost price
So,
(16% + 15%) of the cost price = 192.20
100% of the cost price = \(\frac{192.20 × 100}{31}\) = 620