Question

A man sold an article for ₹ 88 at a loss. But, if he sells it for ₹ 112, then he would gain an amount thrice the loss. Find the C.P. of the article.
A. ₹94
B. ₹ 95
C. ₹ 90
D. ₹ 84

Answer 1

Correct Answer - A
(i) Consider the loss obtained as ₹ x.
(ii) Calculate C.P. i.e., S.P. +x.
(iii) Find new S.P. and profit.
(iv) Use profit =S.P.-C.P.
(v) Find C.P. i.e., 88+x.