📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A sold an article at 22% profit. If the profit earned

      had been 200% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
      A Rs. 66 Correct Answer Incorrect Answer
      B Rs. 60 Correct Answer Incorrect Answer
      C Rs. 80 Correct Answer Incorrect Answer
      D Rs. 92 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. 122x Therefore, profit earned = 122x – 100x = Rs. 22x New profit = 3 × 22x = Rs. 66x According to the question, (66x/100x) × 100 = 100x Or, x = 0.66 Therefore, actual cost price = 100x = Rs. 66

      Practice Next
      More Profit and loss Questions
      ask-question