Q. A man sells an article at a profit of 20%. If he had bought it for 20% less and sold it for ₹60 less, he would have gained 25%. Find the original cost price.
✅ Correct Answer: (D)
₹300
Explanation: Let CP = x. Original SP = 1.2x. New CP = 0.8x and new SP = 1.2x - 60. Given 1.2x - 60 = 1.25 × 0.8x = x. Therefore, 0.2x = 60, so x = ₹300. Hence, none of the given options is correct.
Explanation by: Krishna Sharma
Let CP = x. Original SP = 1.2x. New CP = 0.8x and new SP = 1.2x - 60. Given 1.2x - 60 = 1.25 × 0.8x = x. Therefore, 0.2x = 60, so x = ₹300. Hence, none of the given options is correct.