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

    Question

    'C' sells a laptop at a profit of 50%. Had the profit

    percentage earned on selling the laptop been numerically equal to the cost price of the laptop, then the profit earned on selling the laptop now would have been 500% more than previously. Find the actual cost price of the laptop.
    A Rs.300 Correct Answer Incorrect Answer
    B Rs.120 Correct Answer Incorrect Answer
    C Rs.150 Correct Answer Incorrect Answer
    D Rs.290 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the actual cost price of the laptop be Rs. '100x'. Therefore, selling price of laptop = Rs. '150x' (since profit is 50%). Therefore, profit earned = 150x - 100x = Rs. '50x'. New profit earned = 6 x 50x = Rs. '300x' (since the profit is 500% more). According to the question, Or, x = 3. Therefore, the actual cost price of the laptop = 100x = 100 x 3 = Rs. 300.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question