Quantitative Aptitude :: Profit and Loss Problems And Answers

10. A man sells an article at 7% loss. Had he sold it for Rs. 105/-  more he could have gained 8%. what is the cost price of the article

A. Rs. 522/- B. Rs. 622/-
C. Rs. 700/- D. Rs. 600/-
Answer & Explanation

Answer: Option C

Short cut method: 
Loss =====> 7 % 
Profit ====> 8 % 
                   15 % ---------> 105
                  100 % --------> Rs.700/-

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