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:
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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
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