A merchant buys an article for ₹ 27 and sells it at a profit of 10 percent of the selling price. The selling… · ABC26GN2723
Subject: General Aptitude · Chapter: Profit and Loss · Exam: C.P.O. 2005
A merchant buys an article for ₹ 27 and sells it at a profit of 10 percent of the selling price. The selling price of the article is
(a)₹ 29.70
(b)₹ 30
(c)₹ 32
(d)₹ 37
Answer
Explanation
Let the S.P. be ₹ $x$. Then, $$x-10 \% \text { of } x=27 \Leftrightarrow 90 \% \text { of } x=27 \Leftrightarrow x=\left(27 \times \frac{10}{9}\right)=30 .$$
Explanation as extracted from the printed page; notation may be imperfect.
Study loop for Profit and Loss
· Browse this chapter in the app