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The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is:

Correct answer: B. Rs. 25

  • A. Rs. 30
  • B. Rs. 25
  • C. Rs. 24
  • D. Rs. 20

Explanation

Let the cost price be x rupees. The difference between selling at 12% gain and 12% loss is 24% of x, so 0.24x = Rs. 6 and x = Rs. 25. A student may choose Rs. 30 by treating the difference as 20% instead of adding the 12% gain and 12% loss rates.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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