ABC26GN2637 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

By selling a pen for ₹ 15, a man loses one-sixteenth of what it costs him. The cost price of the pen is

(a)₹ 16

(b)₹ 18

(c)₹ 20

(d)₹ 21

Answer

Answer (as printed): A

Explanation

Let the C.P. be ₹ $x$. Then, $x-15=\frac{x}{16} \Rightarrow x-\frac{x}{16}=15 \Rightarrow \frac{15 x}{16}=15 \Rightarrow x=16$. $$\text { ∴ С.Р. }=₹ 16 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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