A trader sold an item at a loss of 35%. if he had increased the price by $80 he would have made a gain of 5%. what is the cost price of the item?  Choose the correct answer:  A) $245  B) $150  C) $260  D) $220  E) $250
Let C.P. be $x   Then 105% of x - 65% of x = 100   40% of x = 100   40/100 *x = 100   40x = 10 000   x = 250   Answer is $250
<result>E</result>
A trader sold an item at a loss of 35%. if he had increased the price by $80 he would have made a gain of 5%. what is the cost price of the item?