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

    Question

    A shopkeeper sold an article at profit of 10%. Had he

    bought it at 10% less and sold it for Rs. 3 more, then he would have earned a profit of 25%. Find the cost price of the article?
    A 150 Correct Answer Incorrect Answer
    B 80 Correct Answer Incorrect Answer
    C 140 Correct Answer Incorrect Answer
    D 120 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price at = Rs. So selling price at 10% profit = = 11x/10 According to question, New cost price 10% less = = 9x/10 New selling price = + 3 Profit = 25% So. = 9x/10 *125/100=11x/10 + 3 - 45x/40= 11x/10 = 3 =45x-44x/40 3 = Rs. 120 Cost price of the article = Rs. 120 Alternate Method: Let cost price be Rs. 100 Selling price = Rs. 110 According to question, New cost price = Rs. 90 New selling price = 90 = Rs. 112.5 on 25% profit, Difference in selling price 112.5 - 110 = 2.5 So. if cost price 100 so Difference is Rs. 2.5 but the actual difference is Rs. 3 So, cost price = 100 = Rs. 120 = Rs. 120 cost price of the article = Rs. 120

    Practice Next
    More Profit and loss Questions
    ask-question