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A tradesman sold an article at a loss of 20%. If the selling price had been increased by $ 100, there would have been a gain of 5%. The cost price of the article was :
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- $ 200
- $ 25
- $ 400
- $ 250
Correct Option: C
Let the C.P. of article be y.
From the question ,
∴ 105% of y – 80% of y = 100
⇒ 25% of y = 100
| ⇒ | = 100 | 100 |
| ⇒ y = | = $ 400 | 25 |
