Profit and Loss Practice Test 1

Question : 13 of 40

Marks: +1, -0

If the difference between the selling prices of an article at the profits of 6% and 4% is Rs 3, then the cost price of the article should be:

Rs 100
Rs 150
Rs 175
Rs 200

Validate

Solution:

Let the cost price of an article = x
Selling percentage of the article = 6% of x
Profit percentage of the article = 4% of x
Difference between selling and profit percentage = Rs 3
6% of x - 4% of x = 3

{6x}/100-{4x}/100=3

6x- 4x= 300

x = 150

So, the cost price of the article is Rs 150.

Go to Question:

Prev Question

Next Question