Question

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.55 more, he would have had a profit of 40%
The C.Pof the article is:​

Answer 1

Answer:

person bought an article and sold it at a loss of 10%. If he had bought for 20% less and sold it for Rs.55 more, he would have had a profit of 40%. Then Cost Price of the article is.

A) Rs.200

B) Rs.225

C) Rs.250

D) None of these

Correct Answer:

C) Rs.250

Description for Correct answer:

Let the cost price be Rs.x

S.P. = 90% of x = 90100x=9x10

New C.P. = 80% of x = Rs.Rs.4x5

New gain 40%

New S.P. = 140% of 4x5=Rs.2825x

2825x−9x10=55

280x−225x=55×250

55x=55×250

Therefore, x = 250

Cost price. of the article = Rs.250

Part of solved Profit and Loss questions and answers : >> Aptitude >> Profit and Loss