Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Srinivas sold an article for ` 6800 and incurred a loss. Had he sold the article for ` 7850, his gain would have been equal to half of the amount of loss that he incurred. At what price should he sell the article to have 20% profit? [IBPS—Bank PO (Pre.) Exam, 2015] PROFIT AND LOSS
(a)` 7500
(b)` 9000
(c)` 10680
(d)` 9600
Answer
Answer (as printed): C
Explanation
Let the cost price of a article be x. Then, loss = (6800 – x) Again, profit = (7850 – x) According to given information we get (6800 − x) Now, (7850 – x) = 2 15700 – 2x = 6800 – x x = 15700 – 6800 = 8900 If profit % = 20% then 8900 × 120 ∴ Selling price = = ` 10680 100
Explanation as extracted from the printed page; notation may be imperfect.