📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A person bought an article and sold it at a loss of 25%.

    If he had bought it at 20% less and sold it for 63 more, he would have gained 20%. Find the profit percent if he had sold it at Rs 320.
    A 16(2/3)% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 6(2/3)% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the C.P be Rs x S.P = (x × 75)/100 = Rs 3x/4 Then, New C.P = (x × 80)/100 = Rs 4/5 x New S.P = Rs (4 x)/5 × 120/100 = Rs 24/25 x According to question, 3x/4 + 63 = 24/25 x 21/100 x = 63 ∴ x = (63 ×100)/21 = Rs 300 C.P of an article = Rs 300 S.P of an article = Rs 320 Profit % = [(320 - 300)/300] ×100 = 6(2/3)%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call