Profit & Loss Mcqs

Q.  A merchant sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:________?

a. Rs. 40
b. Rs. 50
c. Rs. 60
d. Rs. 70


ANSWER: See Answer
 
Let C.P = Rs. X

X + X% of X = 75

X2 + 100 X – 7500 = 0 Or (X+ 150) (X – 50) = 0

X = 50 (neglecting X= – 150)
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