A man buys goods and finds that the cost of carriage is 4% on the cost of goods. He is compelled to sell at a loss of 5% of his total outlay. If, however, he had recieved Rs. 32.50 more than he did, he would have gained 2 1/ 2 %. What was the original cost of the goods?

Question

A man buys goods and finds that the cost of carriage is 4% on the cost of goods. He is compelled to sell at a loss of 5% of his total outlay. If, however, he had recieved Rs. 32.50 more than he   did, he would have gained 2 1/ 2 %. What was the original cost of the goods?

Examsnet · Accepted Answer

Correct Answer is :  Rs. 416.67

Profit and Loss Practice Test 7