Profit and Loss Practice Test 9

Question : 8 of 40

Marks: +1, -0

A sells an article to B making a profit of

1 /5

of his outlay. B sells it to C gaining 20%. If C sells it for Rs 600 and incurs a loss of

1 /6

of his outlay, the cost price A is:

Solution:

Let the sale price of an article = x

A	B	C
$x$	$x+1/5x={6x}/5$	${6x}/5+{20}/100× {6x}/5={36x}/25$

According to the statement,

{36x}/25-600=1/6×{36x}/25

36 x- 15,000 =6 x

30x- 15,000

x = 500

Cost price paid by A is Rs 500

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