Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
How much was the loss? (M.B.A., 2005) I. The cost is ` 300. II. The loss is 25% of the selling price.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
I. C.P. $=₹300$. II. Loss $=25\%$ of S.P. Let S.P. be ₹$x$. Then, loss $=25\%$ of ₹$x=₹\frac{x}{4}$. Loss = (C.P.) − (S.P.) $$\Rightarrow \frac{x}{4}=300-x \Rightarrow \left(x+\frac{x}{4}\right)=300 \Rightarrow x=\left(300\times\frac{4}{5}\right)=240.$$ ∴ Loss $=25\%$ of ₹240 $=₹\left(\frac{25}{100}\times 240\right)=₹60$. Thus, I and II are required to get the answer. ∴ Correct answer is (e).
Explanation as extracted from the printed page; notation may be imperfect.