Multiple Choice Questions on A retailer sold 12 notes at a profit of 20 and 8 notes at a profit of 10 If he had sold all the 20 n........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A retailer sold 12 notes at a profit of 20 and 8 notes at a profit of 10 If he had sold all the 20 n...........

Quant (SSC) Profit and loss
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    A retailer sold 12 notes at a profit of 20% and 8 notes at a profit of 10%. If he had sold all the 20 notes at a profit of 15%, then his profit would have been reduced by Rs.36. What is the cost price of each note?

    Rs.160

    Incorrect Answer

    Rs.190

    Incorrect Answer

    Rs.120

    Incorrect Answer

    Rs.180

    Correct Answer
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    Explanation:

    Cost Price = x
    Total Profit = 12x * 20/100 + 8x * 10/100
    = 32x/100 = 3.2x —(i)
    Total Profit = 20x * 15/100 — (ii)
    3.2x – 3x = 36
    0.2x = 36
    x = 180

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