A tradesman sold an article at a loss of 10%. If the selling price had been increased by Rs.150, there would have been a gain of 20%. What was the cost price of the article?

Question

Question

This question was previously asked in

CISF Constable Tradesman Official Paper (Held On: 31 Oct, 2023 Shift 2)

Answer 1

Given:

A tradesman sold an article at a loss of 10%. If the selling price had been increased by ₹150, there would have been a gain of 20%.

Calculation:

Let the Cost Price (CP) be ₹C.

Selling Price (SP) at 10% loss = C - 0.1C = 0.9C

Selling Price at 20% gain = C + 0.2C = 1.2C

Difference between the Selling Prices = ₹150

1.2C - 0.9C = 150

⇒ 0.3C = 150

⇒ C = 500

∴ The correct answer is option (4).

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