Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
How much profit did Anand make by selling a bed? I. He bought the bed with 40\% discount on labelled price. II. He sold it with 20\% profit on the labelled price.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
I. Let the labelled price be ₹$x$. C.P. $=60\%$ of ₹$x=₹\left(x\times\frac{60}{100}\right)=₹\frac{3x}{5}$. II. S.P. $=120\%$ of ₹$x=₹\left(x\times\frac{120}{100}\right)=₹\frac{6x}{5}$. Profit $=₹\left(\frac{6x}{5}-\frac{3x}{5}\right)=₹\frac{3x}{5}$. Thus, even I and II together do not give the answer. ∴ Correct answer is (d).
Explanation as extracted from the printed page; notation may be imperfect.