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    Question

    A shopkeeper sold a school bag at a profit of 35%. Had he sold the school bag at 20% profit he would have earned Rs.135 less. Find the cost price of the school bag.

    A Rs.940 Correct Answer Incorrect Answer
    B Rs.800 Correct Answer Incorrect Answer
    C Rs.710 Correct Answer Incorrect Answer
    D Rs.900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the school bag be Rs.’x’ According to question, => 1.35x – 1.2x = 135 => 0.15x = 135 => x = 900 So, the cost price of the school bag is Rs.900.

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