A briefcase was sold at a profit of 5%. If its cost price was 5% less and it was sold for ₹ 63 more, the gain would have been 20%. Find the cost price of the briefcase.

Ashutosh Nautiyal

A briefcase was sold at a profit of 5%. If its cost price was 5% less and it was sold for ₹ 63 more, the gain would have been 20%. Find the cost price of the briefcase.

  • A. ₹ 800
  • B. ₹ 900
  • C. ₹ 700
  • D. ₹ 960
 

The correct answer is option C. 700. Can you explain this answer in the comments?


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A briefcase was sold at a profit of 5%. If its cost price was 5% less and it was sold for ₹ 63 more, the gain would have been 20%. Find the cost price of the briefcase.




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