Question
Mathematics Question on Profit and Loss
A machine is sold at a profit of 10%. Had it been sold for Rs. 40 less, there would have been a loss of 10%. What was the cost price?
A
Rs. 175
B
Rs. 200
C
Rs. 225
D
Rs. 250
Answer
Rs. 200
Explanation
Solution
The correct option is (B): Rs. 200