Question

By reducing the selling price of an article by Rs. 50.00, a gain of 5% turns into a loss of 5%. Original selling price is:
1. Rs. 500.00
2. Rs. 525.00
3. Rs. 550.00
4. Rs. 600.00

Answer 1

Correct Answer - Option 2 : Rs. 525.00

Given:

SP = Rs. 50

Gain = 5%

Loss = 5%

Calculation:

Let the original selling price be Rs. x

According to the question

⇒ (x × 100)/105 = (x – 50) × 100/95

⇒  19x = 21x – 1050

⇒ 2x = 1050

⇒ x = Rs. 525

∴ The original selling price is Rs. 525.00