Multiple Choice Questions on The cost price of an item is Rs 120 and the profit percentage is x 30 of the cost price If the cost ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The cost price of an item is Rs 120 and the profit percentage is x 30 of the cost price If the cost ...........

Quantitative Aptitude ( CCS) Profit and loss
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    The cost price of an item is Rs.120 and the profit percentage is (x+30)% of the cost price. If the cost price is increased by 25% and selling price remains same the profit percentage is (x-20)% . Find the value of x.

    120
    Correct Answer
    105
    Incorrect Answer
    90
    Incorrect Answer

    85

    Incorrect Answer
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    Explanation:

    Profit on item = (x+30)% of 120
    SP = (x+30)% of 120+120
    New CP = (100+25)% of 120 = Rs.150
    SP = 150 + (x-20)% of 150 (x+30)% * 120 + 120

    = 150 + (x-20)% of 150
    => 12x + 360 – 15x + 300 = 300
    => x = 120

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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