Profit and Loss Practice Test 9

Question : 30 of 40

Marks: +1, -0

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs 162. The cost price of the article is:

Solution:

Let the cost price of the article = Rs x

Loss	Profit	Selling Price increased
19% of x	17 % of x	162
$x-19/100x$	$x+17/100x$

According to the statement,

[x+{17x}/100]-[x-{19x}/100]=162

17x+ 19x= 162 ×100

x=450

Cost price of article = Rs 450.

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