Question

When an article is sold for 70 ,1/7th of the selling price is the profit. If the person wants 20% profit on the cost price what will be the selling price?

Answer 1

Answer:

An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs. 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20% ?

A) Rs.115

B) Rs. 120

C) Rs. 138

D) Rs. 215

Correct Answer:

C) Rs. 138

Description for Correct answer:

Let the CP of the article = Rs. 100

According to question,

5 units = Rs. 5.75

1 units =5.755×100=5.755×100

100 units =5.755×100=115=5.755×100=115

∴∴ CP of the article = Rs. 115

to gain 20%

∴∴ SP of the article

=115+20100×115=115+20100×115

SP = Rs. 138 Ans.

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

Answer 2

Answer:

Rs 72

step by step explanation

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