A person sold an item at a loss of 7%. Had he sold the item at a gain of 7.5%, he would have received Rs. 87 more than his selling price. The cost price of the item is:
ARs. 500
BRs. 550
CRs. 600 ✓ Correct
DRs. 650
Correct answer: (C) Rs. 600
Explanation
The cost price is Rs 600.
Difference in outcomes spans 7% loss to 7.5% gain.
That gap = (7 + 7.5)% of CP = 14.5% of CP.
14.5% of CP = 87.
CP = 87 / 0.145 = Rs 600.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Practise on Mcqkart →🎓 Book an expert →