Q:
A bottle is sold at a loss of 9%. Had it sold for Rs. 15 more, a profit of 25/2% would have gained. What is the cost price of the bottle (approx)?
Answer & Explanation
Answer: B) Rs. 35
Explanation: Let the cost price of the bottle = Rs. 100
Selling price of the bottle = Rs. 100 - Rs. 9 = Rs. 91
Then, from the given data,
=> 112 (1/2) - 91 = 15
=> 21 (1/2) = 15
=> 43 = 15
Then 100 = ?
1500/43 = 34.885 =~ 35
Hence, the cost price of the bottle = Rs. 35
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