If an article is sold at 18% profit instead of 11% profit, then the profit would be $56 more. What is the cost price? Options.
A) $600  B) $800  C) $1000  D) $1200  E) $1400
7% * cost price = $56   1% * cost price = $56 / 7= 
<gadget id="calculator">56 / 7</gadget>
<output>8</output>
$8   The cost price is $800.   The answer is $800.
<result>B</result>
If an article is sold at 18% profit instead of 11% profit, then the profit would be $56 more. What is the cost price?