Profit and loss

Quantitative Aptitude (CGL)

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A shopkeeper sold an article for Rs.540 and earned a profit of 20%. Had the shopkeeper sold the same article after giving a cash back of Rs.’x’ on the selling price he would have still earned a profit of (100/9)% , find the value of x.

Rs.30

Rs.40

Rs.20

Rs.60

Explanation:

CP of the article = 540/1.2 = Rs.450
Let cash back be x. (100+100/9)% of 450 = 540 – x
=> x = Rs.40

By: Pranav Gupta

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