Profit & Loss · Question 27 · Hard
Profit & Loss question 27
An article is sold at a 10% profit. Had it been bought for 10% less and sold for ₹6 more, the profit would have been 25%. What is the cost price?
- ₹240
- ₹200
- ₹300
- ₹250
Answer and explanation
Answer: A. ₹240
Explanation: Let CP = x. Then 1.1x + 6 = 1.25 × 0.9x = 1.125x, so 0.025x = 6 and x = ₹240.
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