Mathematics
NULL
Medium
Question
A man sells at 20% profit. If he had bought 20% cheaper and sold for Rs 75 less, he would gain 25%. What is the cost price?
A
Rs.370
B
Rs.375
✓ Official correct answer
C
Rs.350
D
Rs.300
Community credibility
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A
Rs.370
No member explanations yet for this option.
B
Rs.375
No member explanations yet for this option.
C
Rs.350
No member explanations yet for this option.
D
Rs.300
No member explanations yet for this option.
Explanation
1.2x − 75 = 1.25 × 0.8x ⇒ 0.2x = 75 ⇒ x = Rs 375.