A trader sold an article at a gain of 20%. Had he purchased it for 40% more and sold for Rs 24 less, then he would have incurred a loss of 20%. What is the cost price (in Rs) of the article?

A trader sold an article at a gain of 20%. Had he purchased it for 40%

1.	A trader sold an article at a gain of 20%. Had he purchased it for 40% more and sold for Rs 24 less, then he would have incurred a loss of 20%. What is the cost price (in Rs) of the article?
A.	150
B.	300
C.	450
D.	600
Answer» C. 450

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A trader sold an article at a gain of 20%. Had he purchased it for 40% more and sold for Rs 24 less, then he would have incurred a loss of 20%. What is the cost price (in Rs) of the article?

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