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Railways PYQCBT 1 2016

RRB NTPC · Question 34

When Bablu decreases the selling price of the shoes from Rs. 360 to Rs. 345, his loss increases by 4%. The cost price of the shoes is:

  1. Rs. 275

  2. Rs. 375

  3. Rs. 425

  4. Rs. 450

Show answer & explanation

Answer: (B) Rs. 375

Explanation

Lowering the price by Rs 15 (360 → 345) increases the loss by 4% of the cost price. So 4% of CP = 15, and CP = 15 × 100/4 = Rs 375.