A trader sold an item at a loss of 20%. Had he sold it for ₹100 more, he would have gained a profit of 5%. What is the cost price of the item?

A trader sold an item at a loss of 20%. Had he sold it for ₹100 more

1.	A trader sold an item at a loss of 20%. Had he sold it for ₹100 more, he would have gained a profit of 5%. What is the cost price of the item?
A.	₹ 250
B.	₹ 200
C.	₹ 25
D.	₹ 400
Answer» E.

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A trader sold an item at a loss of 20%. Had he sold it for ₹100 more, he would have gained a profit of 5%. What is the cost price of the item?

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