Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

An article is sold at 10 percent loss. If its cost price is decreased by Rs.5 and selling price is increased by Rs.8, then profit of 10 percent is earned on it. What is the original selling price of the article?

Options:

Rs. 68.5

Rs. 67.5

Rs. 62.5

Rs. 60.75

Correct Answer:

Rs. 60.75

Explanation:

Loss = 10%

              CP                 SP

             10                9

If its cost price is decreased by Rs.5 and selling price is increased by Rs.8, then profit of 10 percent is earned means,

              CP                 SP

             10                9

             10               11                            ( Applying cross multiply method)

             -5               +8

         ———————————

         (10 × 11)x - (10× 9)x = (10 × 8) - (-(5 × 11)

            20X = 135

              x   = 6.75

Original SP = 9x = 9 × 6.75 = 60.75