Multiple Choice Questions on An article is sold at 33 1 3 profit If it had been sold at a profit of 40 it would have fetched Rs50........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

An article is sold at 33 1 3 profit If it had been sold at a profit of 40 it would have fetched Rs50...........

Quantitative Aptitude ( CCS) Profit and loss
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    An article is sold at 33(1/3)% profit. If it had been sold at a profit of 40%,it would have fetched Rs50 more. Find cost price of article?

    700

    Incorrect Answer

    750

    Correct Answer

    600

    Incorrect Answer

    650

    Incorrect Answer
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    Explanation:

    1st 33(1/3)% profit so CP = 3, and SP = 3+1 = 4
    2nd 40% = 2/5. So CP = 5, SP = 7
    Now CP is same so make CP same
    CP…….. SP
    15………..20
    15………….21
    20 to 21 is + 1, so 1= 50 [increase in SP]
    So 15=750

    Hence, option 2 is the correct answer.

    By: Amit Kumar
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