Profit and Loss Practice Test 1

Question : 35 of 40

Marks: +1, -0

A man sells an article at a profit of 20%. If he had bought it at 20% lesser price and sold it for Rs 5 less, he would have gained 25%. The cost price of that articles is:

Rs 15
Rs 20
Rs 25
Rs 30

Validate

Solution:

\table \CP ,\SP; x,x+20/100 ×x ={6x}/5;x-x ×20/100-{4x}/5,{6x}/5-5

Gain% is 25

={ {6x}/5-5-{4x}/5}/{{4x}/5}×100

50x- 625= 25 x

25x= 625

x = 25

So, the cost price of an article = Rs 25

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