Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper sells an article for Rs 78 and earns double the profit that he would have earned on selling this article for Rs 69. Find the Cost Price of this article.

Options:

62

61.5

55.5

60

Correct Answer:

60

Explanation:

According to the question, 

SP1 - CP1 = 2(SP2 - CP1)

78 - CP= 2(69 - CP1)

78 - CP= 138 - 2CP1

CP= 60