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A trader sells an article at a loss of 20%. Had he sold it for ₹180 more, he would have gained 10%. The cost price of the article is

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A trader sells an article at a loss of 20%. Had he sold it for ₹180 more, he would have gained 10%. The cost price of the article is

  • A₹500
  • B₹560
  • C₹600
  • D₹650
Correct answer: C

Explanation

The extra ₹180 covers the swing from −20% to +10%, i.e. 30% of the cost price, so CP = 180/0.30 = ₹600.

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