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If the difference between the selling prices of an article at profit of 6% and 4% ₹ 3, then the cost price of the article should be?

₹ 100
₹ 150
₹ 175
₹ 200

Correct Answer: ₹ 150

Explanation:

Let CP = N
According to the question
(106N/100) - (104N/100) = 3
⇒ 2N/100 = 3
∴ N = 300/2
= ₹ 150

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