ABC26GN2732 · Profit and Loss

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

If 5\% more is gained by selling an article for ₹ 350 than by selling it for ₹ 340, the cost of the article is

(a)₹ 50

(b)₹ 160

(c)₹ 200

(d)₹ 225

Answer

Answer (as printed): C

Explanation

Let C.P. be ₹ $x$. Then, $5 \%$ of $x=(350-340)=10 \Rightarrow \frac{x}{20}=10 \Rightarrow x=200$.

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