An article is sold at a profit of 14%. If both the cost price and selling price are Rs 132 less, the profit would be 12% more. Find the cost price. Choose the most appropriate option.
A) Rs276  B) Rs268  C) Rs266  D) Rs286  E) Rs296
Let cost price was X.   SP = X + 14% of X = 1.14X.   If CP and SP were Rs. 132 less, the profit would be (14 +12)%.   New, CP = ( X - 132)   SP = 1.14X - 132   SP - CP = 26% of (X - 132)   1.14X - 132 - X + 132 = [26*(X -132)]/100   0.14X * 100 = 26X – 3432   14X – 26X = - 3432   12X = 3432   X = 286.   So, CP was Rs 286.   ANSWER : OPTION Rs266
<result>C</result>
An article is sold at a profit of 14%. If both the cost price and selling price are Rs 132 less, the profit would be 12% more. Find the cost price.