Profit and loss

Quantitative Aptitude ( CCS) Mathematics - All Exams

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A person bought two articles for Rs 2000 and Rs 3000 respectively, the first article he sold at a gain of 20%. At what price should he sell the another to get a profit of 5% on the whole transaction ?

5% profit

10% loss

5% loss

10% profit

Explanation:

2000*120/100 + 3000*x/100= 5000*105/100
2400+ 3000*x/100=5250
3000*x/100=2850
x=95%.
Another sold for 5% loss.

Hence, option 3 is the correct asnwer.

By: Amit Kumar

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