Q. A dealer sells an article at a profit of 10%. If he had bought it for ₹100 less and sold it for ₹50 less, his profit would have been 20%. Find the original cost price.
✅ Correct Answer: (B)
₹500
Explanation: Let CP = x. Original SP = 1.1x. New condition: 1.1x - 50 = 1.2(x - 100). Solving gives x = ₹500.
Explanation by: Krishna Sharma
Let CP = x. Original SP = 1.1x. New condition: 1.1x - 50 = 1.2(x - 100). Solving gives x = ₹500.