Multiple Choice Questions on A loss of 19 gets converted into a profit of 17 when the selling price is increased by 162 The cost ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A loss of 19 gets converted into a profit of 17 when the selling price is increased by 162 The cost ...........

Quant (SSC) Profit and loss
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    A loss of 19% gets converted into a profit of 17% when the selling price is increased by ? 162. The cost price of the article is

    450

    Correct Answer

    600

    Incorrect Answer

    360

    Incorrect Answer

    540

    Incorrect Answer
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    Explanation:

    Let the CP of article be ? x, then
    117% of x – 81% of x = 162
    ⇒  36% of x = 162
    ⇒  x = 162 x 100 /36 = 450

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