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    Question

    A shopkeeper sold a school bag at a profit of 30%. Had he sold the school bag at 15% profit he would have earned Rs.105 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.700 Correct Answer Incorrect Answer
    D Rs.900 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the school bag be Rs.’x’ According to question, => 1.3x – 1.15x = 105 => 0.15x = 105 => x = 700 So, the cost price of the school bag is Rs.700.

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