Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
When an article was sold for ₹ 696, percent profit earned was P\%. When the same article was sold for ₹ 841, percent profit earned was ( $p+25 \%$ ). What is the value of P? [IBPS-RRB Officer Assistant (Online) Exam, 2015]
(a)10
(b)25
(c)15
(d)20
Answer
Answer (as printed): D
Explanation
Sale price of an article is ` 696 When profit = P% Sale price of an article is ` 841 when Profit = P + 25% Difference in sale price = ` (841 – 696) = ` 145 Difference of profit percentages = P + 25% – p = 25% ∴ Let the C.P of article be ` x, then, 25% of x = 145 25 ⇒ x× = ` 145 100 ⇒x= 145 × 100 = ` 580 25 ∴ Profit = Sale price – Cost price = ` (696 – 580) = ` 11 Profit = p% p ∴ 580 × = 116 100 116 × 100 ⇒p= = 20% 580
Explanation as extracted from the printed page; notation may be imperfect.