Correct option is D
Given:
Selling price when 5% more profit is gained = Rs.350
Selling price with original gain = Rs.340
Formula Used:
Profit=Cost PriceSelling Price−Cost Price×100
Solution:
Let the cost price of the article be Rs.C.
The profit percentage = G%
Profit from selling the article for Rs.350:
C350−C×100=(G+5).........equation(1) .C340−C×100=G.........equation(2) C350−C×100−C340−C×100=5 C10×100=5 C=510×100=200
Thus, the cost price of the article is Rs.200.