Question
A shopkeeper sold an item at a 20% profit. If he had
purchased it for Rs. 400 less and sold it for Rs. 240 more, his profit margin would have increased to 40%. Determine the selling price of the item when it is sold at a 28% profit based on its original cost price.Solution
Let the cost price of article be Rs. 100a
Selling price of article = 1.2 X 100a = Rs. 120a
So, 120a + 240 = 1.4 X (100a - 400)
Or, 120a + 240 = 140a - 560
Or, 20a = 800
Or, a = 40
Therefore, required selling price = 1.28 X 100a = 128a = 128 X 40 = Rs. 5,120
Answer the questions based on the information given below.
A & B means A is greater than B
A * B means A is not greater than B
A ...
Statements:          K @M,   L #M,  L$W,  W%X
 Conclusions:         Â
I.K%LÂ Â Â
II. M@WÂ Â Â Â Â <...
In the following questions assuming the given statements to be true, find which of the conclusion among given conclusions is/are definitely true and th...
In which of these expression ‘J > B’ is definitely True?
Statement: L > J ≥ U ≥ F; P < S < L
Conclusion: I. S < F II. P < U
Statements: Â M @ N, P @ R, P & N
Conclusions:Â Â Â Â Â a ) M @ PÂ Â Â Â Â Â Â Â Â Â Â Â Â b) R & M
...In the following questions assuming the given statements to be true, find which of the conclusion among given conclusions is/are definitely true and th...
Statements:
V < E ≤ I = O; E ≥ J ≥ S ≥ W; Z ≤ M ≤ W
Conclusions:
I) O > Z
II) O = Z
...In the following questions assuming the given statements to be true, find which of the conclusion among given conclusions is/are definitely true and th...
Statements : M > J = L > O > I ≤ H < Q = N
Conclusions :
I. I > M
II. N > I
III. L < Q
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