A Vendor sells apples at a certain price in order to make a profit of 30 If he charges Rs 1 5 higher...........

Quant (SSC) Profit and loss

A Vendor sells apples at a certain price in order to make a profit of 30%. If he charges Rs. 1.5 higher per apple he would get a profit of 60%. Find the original price at which he sold an apple?

Rs. 3.75

Rs. 4.25

Rs. 4.85

Rs. 3.25

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Explanation:

CP of an apple = Rs. x
Profit = 30%
SP = Rs. 1.30x
If SP = x + Rs.1.5
Profit = 60%
1.60x = x + 1.5 or x = Rs. 2.5
Hence, Original SP = Rs 1.5x = Rs. 3.75