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

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    A shopkeeper sells an article for Rs 70 and earns

    thrice the profit that he would have earned on selling this article for Rs 50. Find the C.P of this article (in Rs).
    A 55 Correct Answer Incorrect Answer
    B 25 Correct Answer Incorrect Answer
    C 40 Correct Answer Incorrect Answer
    D 60 Correct Answer Incorrect Answer

    Solution

    ATQ, the shopkeeper earns the thrice profit that he would have earned had he sold it for Rs 50.
    Profit% = 3 (profit %)
    S.P - C.P = 3 x (S.P - C.P)
    Let C.P = x
    70 - x = 3 x (50 - x)
    70- x= 150 - 3x
    2x= 150 - 70
    x= 40
    Hence, the cost price of the article = 40

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question