A shopkeeper sold an article for Rs. 540 at some profit. Had he sold it for Rs. 470, then there would have been a loss equal to one-sixth of the initial profit. What was the cost price (in Rs.) of the article?

A shopkeeper sold an article for Rs. 540 at some profit. Had he sold i

1.	A shopkeeper sold an article for Rs. 540 at some profit. Had he sold it for Rs. 470, then there would have been a loss equal to one-sixth of the initial profit. What was the cost price (in Rs.) of the article?
A.	525
B.	480
C.	505
D.	540
Answer» C. 505

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A shopkeeper sold an article for Rs. 540 at some profit. Had he sold it for Rs. 470, then there would have been a loss equal to one-sixth of the initial profit. What was the cost price (in Rs.) of the article?

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