Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:
By selling a product for ` 200, how much profit was earned? I. The profit was 25 percent of the cost price. II. 12.5 percent profit would have been earned if the product had been sold for ` 180.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
S.P. = ₹200. I. C.P. $=₹\left(\frac{100}{125}\times 200\right)=₹160$. ∴ Profit $=₹(200-160)=₹40$. So, I alone gives the answer. II. When S.P. $=₹180$, Gain $=12.5\%$. ∴ C.P. $=₹\left(\frac{100}{112.5}\times 180\right)=₹160$. Profit earned $=₹(200-160)=₹40$. Thus, II alone also gives the answer. ∴ Correct answer is (c).
Explanation as extracted from the printed page; notation may be imperfect.