Question
Mathematics Question on Profit and Loss
A trader sold an article at a gain of 20% Had he purchased it for 40% more and sold for 24 less, he would have incurred a loss of 20%. What is the cost price of the article?
A
₹ 150
B
₹ 300
C
₹ 450
D
₹ 600
Answer
₹ 300
Explanation
Solution
The correct option is (B): ₹ 300.