1.

Ramkishan sells an article at a profit of 6%. If he sells it for Rs. 200 more, there would be a profit of 10%. Then the cost price of the article is1. Rs. 50002. Rs. 4,5003. Rs. 5,5004. None of the above

Answer» Correct Answer - Option 1 : Rs. 5000

Given

Ramkishan sells an article at a profit of 6%

Profit when sold for Rs. 200 more = 10%

Formula used

SP = CP + (Profit %/100) × CP

Calculation

Profit %= 6%

SP= CP+ (6/100) × CP = 106CP/100

Now, if he had sold it for RS.200 more,

profit % = 10%

⇒ SP + 200 = CP + (10/100) × CP

⇒ SP + 200 = 11CP/10

Substituting SP = 106CP/100 in the above equation we get,

⇒ 106CP/100 + 200 = 11CP/10

⇒ 4CP/100 = 200

⇒ CP = Rs. 5000



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