Profit and loss

Quantitative Aptitude ( CCS)

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A person sold a article at a loss of 10%. Had he bought it for 20% less and sold it for Rs. 176 more, he would have made a profit of 40%. The cost price of the article was

Rs 800

Rs 750

Rs 830

Rs 780

Explanation:

Solution:
First 20% less made 40% profit
=-20 + 40 –(20*40)/100
=-28+40=12%.
Then 12% + loss 10% (12+10)
22…………. 176
100……….. ==> Rs800.

By: Pranav Gupta

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