Question

A person bought an article and sold it at a loss of 20%. If he had bought it at 10% loss and sold it for 74 more, he would have gained 30%. Find the profit percent if he had sold it at Rs 220.

A 16% Correct Answer Incorrect Answer
B 8% Correct Answer Incorrect Answer
C 22% Correct Answer Incorrect Answer
D 10% Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let the C.P be Rs S.P = x*80/100=Rs 80/100x Then, New C.P = x*90/100=Rs 90/100x New S.P =90x/100*130/100=117/100x According to question 80/100x+74=117/100x 37/100x=74 x=74*100/37=200 C.P of an article = Rs 200 S.P of an article = Rs 220 Profit % =220-200/200*100= 10%

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