Question

    Ramesh made a profit of 30% on an article, while Suresh

    sold the same article for a 22% profit. If Ramesh’s profit was Rs. 54 more than Suresh’s profit, what was the cost price of the article?
    A Rs.400 Correct Answer Incorrect Answer
    B Rs.450 Correct Answer Incorrect Answer
    C Rs.675 Correct Answer Incorrect Answer
    D Rs.520 Correct Answer Incorrect Answer

    Solution

    ATQ;
    Let the cost price of the article = Rs. ‘x’
    Selling price of the article for Ramesh = Rs. ‘1.30x’
    Selling price of the article for Suresh = Rs. ‘1.22x’
    ATQ;
    (1.30x – 1.22x) = 54
    Or, 0.08x = 54
    So, x = 54 / 0.08 = 675
    Therefore, cost price of the article = Rs. 675

    Practice Next
    More Profit and loss Questions
    ask-question