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    Question

    A sold an article at 55% profit. If the profit earned

    had been 224% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
    A Rs. 152.8 Correct Answer Incorrect Answer
    B Rs. 142.8 Correct Answer Incorrect Answer
    C Rs. 172.8 Correct Answer Incorrect Answer
    D Rs. 192.8 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. 155x Therefore, profit earned = 155x – 100x = Rs. 55x New profit = 3.24 × 55x = Rs. 178.2x According to the question, (178.2x/100x) × 100 = 100x Or, x = 1.728 Therefore, actual cost price = 100x = Rs. 172.8

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