Question

If an article is sold at a gain of 5% instead of being sold at a loss of 5%, a man gets Rs. 5 more. What is the cost price of the article? 

A. Rs. 50 

B. Rs. 40 

C. Rs. 60 

D. Rs. 80

Answer 1

Let the CP be x. 

When Profit is earned CP = 1.05x 

When Loss is incurred CP = 0.95x 

According to question, 

1.05 x – 0.95 x = 5 

0.10 x = 5 

x = 50 

So, Cost Price of an article is Rs.50.