Question

    An item was sold at a 22% loss. If the selling price had

    been increased by Rs. 1,850, there would have been a 15% profit instead. Determine the original cost price of the item.
    A Rs. 5000 Correct Answer Incorrect Answer
    B Rs. 4500 Correct Answer Incorrect Answer
    C Rs. 4800 Correct Answer Incorrect Answer
    D Rs. 4750 Correct Answer Incorrect Answer

    Solution

    Let cost price of the article = Rs. ‘100x’ ATQ, 1.15 × 100x – 0.78 × 100x = 1850 Or, 115x – 78x = 1850 Or, 37x = 1850 Or, x = (1850/37) = 50 So, cost price of the article = 100x = 100 × 50 = Rs. 5,000

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