If an article is sold at 25% gain instead of 10% loss, the man gains Rs. 1295 more. Find CP of that article.
Answer & explanation
Correct answer: option 2
Let CP = Rs.P
S.P. at 10% loss = P × 90%
S.P. at 25% Profit = P× 125%
ATQ,
⇒ Profit = S.P. at 25% Profit - S.P. at 10% loss
⇒ 1295 = P× 125% - P × 90% = P × 35%
⇒ P = \(\frac{1295}{35}\) × 100 = 3700