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

    Question

    A trader sells an item at a profit of 20%. If he had

    bought it for 10% less and sold it for Rs 30 less than his original selling price, his profit would have been 25%. Find the original cost price of the item.
    A Rs 200 Correct Answer Incorrect Answer
    B Rs 400 Correct Answer Incorrect Answer
    C Rs 100 Correct Answer Incorrect Answer
    D Rs 500 Correct Answer Incorrect Answer

    Solution

    Let original cost price = C. Original selling price = 1.20C. If he had bought it 10% cheaper: new cost price = 0.90C. New selling price = (original SP тИТ 30) = 1.20C тИТ 30. This new selling price gives 25% profit on new cost: 1.20C тИТ 30 = 1.25 ├Ч 0.90C = 1.125C So: 1.20C тИТ 1.125C = 30 0.075C = 30 C = 30 / 0.075 = 400 Answer: Original cost price = Rs 400.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question