Q. A trader sold an article at a loss of 15%. If he had sold it for ₹240 more, he would have gained 5%. Find the cost price.
✅ Correct Answer: (B)
₹1200
Explanation: Difference between 5% profit and 15% loss = 20% of CP. 20% of CP = ₹240, so CP = ₹1200.
Explanation by: Krishna Sharma
Difference between 5% profit and 15% loss = 20% of CP. 20% of CP = ₹240, so CP = ₹1200.