The difference in selling price of an umbrella is Rs. 2 when it is sold as 4% and 5% profit. What is cost price of umbrella?

Options :
  1. 300 Rs
  2. 450 Rs
  3. 200 Rs.
  4. 100 Rs.

Answer and Explanation :-

Answer: Option 3


Let the C.P. is 100 Rs. If it is sold at 4% profit then S.P. is 104 Rs. If it is sold at 5% profit then S.P. is 105 Rs. The difference between S.P. is Rs. 1. If difference is Rs. 1 then cost price is Rs. 100. So, if the difference between S.P. is 2 then cost price is 200 Rs.

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