Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper earns twice profit after selling an article in Rs.75 then the profit incurred after selling the article in Rs.60. Find cost price of the article.

Options:

38

30

45

50

Correct Answer:

45

Explanation:

Profit after selling the article at Rs.75 = 75 - C.P.

Profit after selling the article at Rs.60 = 60 - C.P.

ATQ,

75 - C.P. = 2 × (60 - C.P.)  

75 - C.P. = 120 - 2 C.P.

C.P. = 45