Profit & Loss Mcqs

Q.  If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?

a. Rs. 1505
b. Rs. 1510
c. Rs. 1500
d. Rs. 1490
e. None of these


ANSWER: See Answer
 
Let the cost price of an article be Rs. x.

(19% of x) – (12% of x) = 105
19x/100 – 12x/100 = 105 => 7x = 105 * 100
=> x = 1500
Cost price = Rs. 1500
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Category: Mathematics Quizzes,   Published by: T-Code Scripts
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