Profit and loss

Quantitative Aptitude (MTS)

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

If there is a loss of 40% when a good is sold at (2/5)th of its earlier selling price. Find the profit% after selling the good at a certain price.

24.15%

31.3%

47%

50%

Solution:
CP = (2/3) of SP
SP = (100+P) / 100 of CP
Equating both the above equations,
Profit = 50%