Profit and loss

Quantitative Aptitude ( CCS)

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By selling an article for Rs. 96, double the profit is obtained than the profit that would have been obtained by selling it for Rs. 84. What is the cost price of the article?

Rs. 72.00

Rs. 75.00

Rs. 70.00

Rs. 68.00

Explanation:

Let the cost price of the article be x.

Then,2(84 –x) = 96 – x

168 – 2x= 96 – x

= 168 - 96 = -x + 2x

x = 72

Hence, option 1 is the correct answer.

By: Amit Kumar

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