An article was sold at 10% profit. If it had been sold at Rs 26 more than the selling price, the profit would have been 15%. The cost price of the article is:
ARs 480
BRs 500
CRs 510
DRs 520 ✓ Correct
Correct answer: (D) Rs 520
Explanation
The cost price is Rs 520.
The extra Rs 26 raises the profit from 10% to 15%.
So Rs 26 equals the 5% rise on the cost price.
5% of cost = 26.
Cost = 26 / 5 x 100 = Rs 520.
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 →