Profit and loss

Quantitative Aptitude (SBI-CL)

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An article is sold at 33(1/3)% profit. If it had been sold at a profit of 40%,it would have fetched Rs50 more. Find cost price of article?

700

750

600

650

Explanation:

1st 33(1/3)% profit so CP = 3, and SP = 3+1 = 4
2nd 40% = 2/5. So CP = 5, SP = 7
Now CP is same so make CP same
CP…….. SP
15………..20
15………….21
20 to 21 is + 1, so 1= 50 [increase in SP]
So 15=750

Hence, option 2 is the correct answer.

By: Amit Kumar

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