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Select the correct answerA man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?Options546.3276.93312.9None of these

Question

Select the correct answerA man sold an article at a profit of 12%. If he had charged Rs.60 more his profit percentage would have been 30%. What is the C.P?Options546.3276.93312.9None of these

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Solution

Let's solve this step by step:

  1. Let's assume the cost price of the article is Rs. x.

  2. According to the problem, the man sold the article at a profit of 12%. So, the selling price of the article is 112% of x, which is 1.12x.

  3. The problem also states that if he had charged Rs.60 more, his profit would have been 30%. So, the selling price would have been 130% of x, which is 1.3x.

  4. According to the problem, the difference between these two selling prices is Rs.60. So, we can set up the equation 1.3x - 1.12x = 60.

  5. Solving this equation gives x = 60 / 0.18 = Rs. 333.33.

So, the cost price of the article is Rs. 333.33. Therefore, the correct answer is "None of these" as Rs. 333.33 is not listed in the options.

This problem has been solved

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