Multiple Choice Questions on There is some profit when an article is sold for Rs 450 However when the same article is sold for Rs........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

There is some profit when an article is sold for Rs 450 However when the same article is sold for Rs...........

Quantitative Aptitude ( CCS) Profit and loss
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    There is some profit when an article is sold for Rs. 450. However when the same article is sold for Rs. 240, there is some loss. If the amount of loss is two times the quantum of profit, find the cost price of the article.

    Rs290

    Incorrect Answer

    Rs340

    Incorrect Answer

    Rs380

    Correct Answer

    Cannot be determined

    Incorrect Answer
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    Explanation:

    Solution:
    Let the profit be x, when the article is sold at Rs450.
    2(450-x) = x-240
    900-2x=x-240
    3x=1140
    x=Rs380.

    By: Pranav Gupta
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