ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    P made a profit of 25% on an article, while Q sold the same

    article for a 24% profit. If P's profit was Rs. 40 more than Q's profit, what was the cost price of the article?
    A Rs.4,000 Correct Answer Incorrect Answer
    B Rs.4,500 Correct Answer Incorrect Answer
    C Rs.3,200 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ;
    Let the cost price of the article = Rs. тАШxтАЩ
    Selling price of the article for Shalu = Rs. тАШ1.25xтАЩ
    Selling price of the article for Vicky = Rs. тАШ1.24xтАЩ
    ATQ;
    (1.25x тАУ 1.24x) = 40
    Or, 0.01x = 40
    So, x = 4000
    Therefore, cost price of the article = Rs.4,000

    Practice Next
    More Profit and loss Questions
    ask-question