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A shopkeeper sells an article at a loss of 12%. Had he sold it for ₹92 more, he would have made a profit of 8%. Find the cost price of the article.

Competition practiceProfit, Loss & Discount
  • A480
  • B400
  • C460
  • D500

Step-by-Step Solution

The ₹92 gap equals (8% + 12%) = 20% of cost price, so cost price = 92 ÷ 0.20 = ₹460.
Answer: C) 460

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