Profit and loss

Quantitative Aptitude(IBPS PO)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A shopkeeper sold some articles at Rs. 35 per article and gained 40% on it. What would be the selling price of each article to get 60% profit?

Rs. 40

Rs. 45

Rs. 50

None of these

Selling Price = 140% of Cost price

cost price = 35x 100/140 = 25

Then, the 60% of the cost price = 60 x 25/100 = 15

To set a profit of 60% of the selling price = 15 + 25 = 40 rs.

Hence, option 1 is the correct answer.