Profit and loss

Quantitative Aptitude ( CCS)

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On selling an article for Rs.(x-1800), Esha incurred a loss equal to half of the profit she would have gained on selling the same article for Rs.(x+2700). Find the value of x, if to gain a profit of 27.5% she needs to sell the article for Rs.8925.

8500

7715

7300

6685

Explanation:

CP of the article = 8925/1.275 = Rs.7000
Loss incurred = 7000 – (x-1800) = Rs.(8800 – x)
Profit gained = (x+2700) – 7000

= Rs.(x-4300) (8800-x) = (x-4300)/2
=> x = 7300

Hence, option 3 is the correct answer.

By: Amit Kumar

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