A shopkeeper sold a product at 30% loss. Had his selling price been ₹150 more, he would have made a profit of 10%. What was the cost price?

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Q: 13 (CAPF/2024)
A shopkeeper sold a product at 30% loss. Had his selling price been ₹150 more, he would have made a profit of 10%. What was the cost price?

question_subject: 

Economics

question_exam: 

CAPF

Let the cost price be ₹X. Since 70% of X + 150 = 110% of X, solving gives X = ₹400.