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      Question

      A sold an article at 40% profit. If the profit earned

      had been 220% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
      A Rs. 108 Correct Answer Incorrect Answer
      B Rs. 138 Correct Answer Incorrect Answer
      C Rs. 128 Correct Answer Incorrect Answer
      D Rs. 118 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. 100x Therefore, selling price of article = Rs. 140x Therefore, profit earned = 140x тАУ 100x = Rs. 40x New profit = 3.2 ├Ч 40x = Rs. 128x According to the question, (128x/100x) ├Ч 100 = 100x Or, x = 1.28 Therefore, actual cost price = 100x = Rs. 128

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