Profit and Loss Practice Test 4

Question : 36 of 40

Marks: +1, -0

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 55 more, he would have had a profit of 40%. The C.P. of the article is :

Rs. 200
Rs. 225
Rs. 250
None of these

Validate

Solution:

Let C.P. = Rs. x, then S.P.

90/100×x=9/10x

Now, when C.P.

=80/100x=4/5x;

then S.P.

=140/100×4/5x=28/25x

But,

28/25x-9/10x=55⇒x=250

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