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

    Question

    A sold an article at 65% profit. If the profit earned

    had been 210% more, then the profit percentage would have been numerically equal to CP. Find the actual cost price of the article.
    A Rs. 101.5 Correct Answer Incorrect Answer
    B Rs. 211.5 Correct Answer Incorrect Answer
    C Rs. 200.5 Correct Answer Incorrect Answer
    D Rs. 201.5 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. 165x Therefore, profit earned = 165x – 100x = Rs. 65x New profit = 3.1 × 65x = Rs. 201.5x According to the question, (201.5x/100x) × 100 = 100x Or, x = 2.015 Therefore, actual cost price = 100x = Rs. 201.5

    Practice Next
    More Profit and loss Questions
    ask-question