Profit and Loss Practice Test 7

Question : 19 of 40

Marks: +1, -0

An almirah is sold at a profit of 16%. If it was sold for Rs 100 more, then the seller’s profit would have been 20%. What is the cost price of the almirah?

Rs 1,500
Rs 2,500
Rs 1,800
Rs 2,000

Validate

Solution:

\table \CP ,\Profit ,\SP ,\New \SP ,\New \Profit;x,16%,x+{16x}/100={116x}/100,{116x}/100+100,20%

According to the statement,

{116x}/100+100=x+{20x}/100

x=2500

Cost price of an almirah = Rs 2,500

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