New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A shopkeeper sells an article for Rs 350 and earns twice

    the profit that he would have earned on selling this article for Rs 300. Find the C.P of this article (in Rs).
    A 215 Correct Answer Incorrect Answer
    B 250 Correct Answer Incorrect Answer
    C 212 Correct Answer Incorrect Answer
    D 213 Correct Answer Incorrect Answer

    Solution

    ATQ, the shopkeeper earns the twice profit that he would have earned had he sold it for Rs 300. Profit% = 2 (profit %) S.P - C.P = 2 x (S.P - C.P) Let C.P = x 350 - x = 2 x (300 - x) 350 - x = 600 - 2x x= 600 - 350 x= 250 Hence, the cost price of the article = 250

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