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A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?
- a)Rs.132
- b)Rs.150
- c)Rs.192
- d)Rs.180
- e)None of these
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A person sold a pen at Rs. 96 in such a way that his percentage profit...
CP = x
Profit Percentage = x%
SP = x(100 + x)/100
x(100 + x)/100 = 96
x = 60
Profit Percentage = 60%
New SP = 60 * 220 / 100 = 132
Profit Percentage = x%
SP = x(100 + x)/100
x(100 + x)/100 = 96
x = 60
Profit Percentage = 60%
New SP = 60 * 220 / 100 = 132
Most Upvoted Answer
A person sold a pen at Rs. 96 in such a way that his percentage profit...
Given, selling price of pen = Rs. 96
Let the cost price of pen be x
Profit% = (SP - CP)/CP * 100
According to the question, profit% = x
⇒ (96 - x)/x * 100 = x
⇒ 96 - x = x^2/100
⇒ x^2 + 100x - 9600 = 0
⇒ x = 80 (neglecting the negative value)
Therefore, the cost price of the pen is Rs. 80.
Now, let the new selling price be y.
Profit% = x (given)
New profit% = 2x
⇒ (y - 80)/80 * 100 = 2x
⇒ y - 80 = 160x/100
⇒ y = 80 + 1.6x
⇒ y = 80 + 1.6(80) = Rs. 132
Hence, the new selling price of the pen is Rs. 132. Therefore, option A is the correct answer.
Let the cost price of pen be x
Profit% = (SP - CP)/CP * 100
According to the question, profit% = x
⇒ (96 - x)/x * 100 = x
⇒ 96 - x = x^2/100
⇒ x^2 + 100x - 9600 = 0
⇒ x = 80 (neglecting the negative value)
Therefore, the cost price of the pen is Rs. 80.
Now, let the new selling price be y.
Profit% = x (given)
New profit% = 2x
⇒ (y - 80)/80 * 100 = 2x
⇒ y - 80 = 160x/100
⇒ y = 80 + 1.6x
⇒ y = 80 + 1.6(80) = Rs. 132
Hence, the new selling price of the pen is Rs. 132. Therefore, option A is the correct answer.
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Community Answer
A person sold a pen at Rs. 96 in such a way that his percentage profit...
CP = x
Profit Percentage = x%
SP = x(100 + x)/100
x(100 + x)/100 = 96
x = 60
Profit Percentage = 60%
New SP = 60 * 220 / 100 = 132
Profit Percentage = x%
SP = x(100 + x)/100
x(100 + x)/100 = 96
x = 60
Profit Percentage = 60%
New SP = 60 * 220 / 100 = 132
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A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?a)Rs.132b)Rs.150c)Rs.192d)Rs.180e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?a)Rs.132b)Rs.150c)Rs.192d)Rs.180e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?a)Rs.132b)Rs.150c)Rs.192d)Rs.180e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be?a)Rs.132b)Rs.150c)Rs.192d)Rs.180e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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