ABC26GN2723 · Profit and Loss

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

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

Answer (as printed): B

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.

Open in whiteboard · Browse this chapter in the app