An article was sold at a gain of 18%. If it had been sold for ₹ 49 more, then the gain would have been 25%. The cost price of the article is:
Answer & explanation
Correct answer: option 1
Profit1% = 25
Profit2% = 18
Direct concept = Profit1% - Profit2% = Given profit in rupees
25% - 18% = 49
7% of CP = 49
100% of CP = 700