A shopkeeper sold a book at a loss of 6%. If the selling price had been increased by ₹960, there would have been a gain of 19%. What was the cost price (in ₹) of the book?
- ((a))
3850
- ((b))
3845
- ((c))
3840
- ((d))
3835
Show Answer
3840

Shortcut Trick
The total difference in percentage = Gain % − (Loss %) = 19% − (−6%) = 25%.
This 25% change is equal to the increase in Selling Price of ₹960.
25% of Cost Price = ₹960
⇒ 100% of Cost Price = 960 × 4 = ₹3840.
∴ The correct answer is ₹3840.

Alternate Method
Given:
Initial Loss = 6%
Final Gain = 19%
Increase in Selling Price (SP) = ₹960
Formula Used:
SP = CP × (100 ± Profit or Loss %)/100

Let the Cost Price (CP) be ₹x.
⇒ Initial Selling Price (SP1) = x × (100 − 6)/100 = 0.94x
⇒ New Selling Price (SP2) = x × (100 + 19)/100 = 1.19x
⇒ According to the question: SP2 − SP1 = 960
⇒ 1.19x − 0.94x = 960
⇒ 0.25x = 960
⇒ x = 960 ÷ 0.25
⇒ x = 960 × 4 = 3840
∴ The correct answer is ₹3840.

Additional Information
Profit and Loss Percentage
Profit % = (Profit ÷ CP) × 100 and Loss % = (Loss ÷ CP) × 100. Both are always calculated on the Cost Price unless stated otherwise.
Selling Price Calculation
When Profit % is P, SP = CP × (100 + P)/100. When Loss % is L, SP = CP × (100 − L)/100.
Marked Price and Discount
Discount is always calculated on the Marked Price (MP). SP = MP − Discount. Discount % = (Discount ÷ MP) × 100.























































