ABC26GN2638 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
By selling an article, Michael earned a profit equal to one-fourth of the price he bought it. If he sold it for ₹ 375, what was the cost price?
(a)₹ 281.75
(b)₹ 300
(c)₹ 312.50
(d)₹ 350
Answer
Explanation
S.P. = C.P. $+\frac{1}{4}$ C.P. $=\frac{5}{4}$ C.P. $$\therefore \frac{5}{4} \text { C.P. }=375 \Rightarrow \text { C.P. }=₹\left(375 \times \frac{4}{5}\right)=₹ 300 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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