ABC26GN2648 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2005 · Marks: · Difficulty:

When an article is sold for ₹ 116, the profit percent is thrice as much as when it is sold for ₹ 92. The cost price of the article is

(a)₹ 68

(b)₹ 72

(c)₹ 78

(d)₹ 80

Answer

Answer (as printed): D

Explanation

Let C.P. be ₹ $x$. $$\text { Then, } \frac{116-x}{x} \times 100=3\left[\frac{92-x}{x} \times 100\right] \Leftrightarrow x=80 .$$

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