A shopkeeper sells his goods at 7% profit. Had he sold it ₹4200 more than he would gain 13% profit. Find initial cost price.
Answer & explanation
Correct answer: option 4
Let CP = x
x × \(\frac{13}{100}\) - x × \(\frac{7}{100}\) = 4200
x × \(\frac{6}{100}\) = 4200
CP = x = 70000