Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
The profit earned by selling a chair for ` 752 is 1.2 times the loss incurred when the same chair was sold for ` 400. What is the cost price of the chair? [DMRC—Customer Relations Assistant (CRA) Exam, 2016]
(a)` 540
(b)` 592
(c)` 560
(d)None of these
Answer
Answer (as printed): C
Explanation
Let C.P. of chair be ` x According to the question, 752 – a = (a – 400) × 1.2 ⇒ 752 – a = 1.2a – 480 ⇒ 1.2a + a = 752 + 480 ⇒ 2.2a = 1232 1232 ⇒a= = ` 560 2.2
Explanation as extracted from the printed page; notation may be imperfect.