Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2015 · Marks: · Difficulty:
An item was bought for ₹ X and sold for ₹ Y, thereby earning a profit of 20\%. Had the value of X been 15 less and the value of Y ₹ 76 less, a profit of 30\% would have been earned. What was the value of 'X'?
(a)₹ 640
(b)₹ 400
(c)₹ 600
(d)₹ 800
Answer
Answer (as printed): D
Explanation
The cost price of the item is ` X And SP = ` Y. 0 Given, Y = ` 1.2X If the cost price of the item is 15% less Then, CP = 0.85 × X = ` 0.85 X According to the questions, 130 0.85X × = 1.2X − 76 100 85X 130 12X × = − 76 100 100 10 11050 12X = − 76 10000 10 11.05X = 12X – 760 0.95X = 760 760 ∴X= = ` 800 0.95 ∴ Cost price of the item ` 800
Explanation as extracted from the printed page; notation may be imperfect.