IBPS SO Prelims Exam Model Paper 7

Given
A shopkeeper article sold rate = Rs. 35
Profit = 40%
Calculation
Let the cost price of the article = 100x
The selling price of the article = 100x + 40x
⇒ 140x
The cost price of the article = (

35

140x

) × 100x
⇒ Rs. 25
The selling price of the article at 60% profit = 100x + 60x
⇒ 160x
The selling price of the article = (

25

100x

) × 160x
⇒ Rs. 40