If a person sells a wooden furniture at 8% profit against 8% loss, then he could had earned Rs12 more. What is the cost price of furniture?

72
70
80
75

Correct Answer: 75

Explanation:

Let Cost Price (CP) = x
Then Selling Price(SP) if he sells at profit = x(1+8%) = 1.08x
and SP, if he sells at loss = x(1-8%) = 0.92%
Given, 1.08%-0.92% = Rs12
0.16x = Rs.12
⇒x = Rs.75

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