SSC CGL Exam > SSC CGL Questions > Find the original cost price of an item that ...
Start Learning for Free
Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.?
Most Upvoted Answer
Find the original cost price of an item that A sold with a 40% profit....
The given information:
Let's denote the original cost price of the item as 'x'.
A sold the item with a 40% profit, which means he sold it for 140% of the cost price.
If the profit percentage had been numerically equal to twice the cost price, the profit would have been 300% more than the current profit.
Finding the original cost price:
To find the original cost price, we need to solve the problem step by step.
Step 1: Finding the selling price with a 40% profit
When A sold the item with a 40% profit, the selling price would be 140% (100% cost price + 40% profit) of the cost price.
So, the selling price is 1.4x.
Step 2: Finding the selling price with a profit equal to twice the cost price
If the profit percentage had been numerically equal to twice the cost price, the selling price would be 200% (100% cost price + 200% profit) of the cost price.
So, the selling price is 2x.
Step 3: Finding the difference in profit amount
The current profit is the difference between the selling price and the cost price.
Profit = Selling Price - Cost Price
For the 40% profit scenario, the profit is 1.4x - x = 0.4x.
For the profit equal to twice the cost price scenario, the profit is 2x - x = x.
The difference in profit amount is x - 0.4x = 0.6x.
Step 4: Finding the increased profit amount
The problem states that the profit would have been 300% more than the current profit if the profit percentage had been numerically equal to twice the cost price.
300% more than the current profit is 3 * 0.6x = 1.8x.
So, the increased profit amount is 1.8x - 0.6x = 1.2x.
Step 5: Setting up the equation
We know that the increased profit amount is equal to the difference in profit amount. So, we can set up the equation as:
1.2x = 0.6x
Step 6: Solving the equation
Let's solve the equation to find the value of x:
1.2x - 0.6x = 0
0.6x = 0
x = 0 / 0.6
x = 0
Conclusion:
The original cost price of the item is 0, which means it was free. However, this seems illogical and indicates a mistake or inconsistency in the given information or problem statement. Please double-check the
Attention SSC CGL Students!
To make sure you are not studying endlessly, EduRev has designed SSC CGL study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in SSC CGL.
|
Explore Courses for SSC CGL exam
|
|
Similar SSC CGL Doubts
Top Courses for SSC CGLView all
Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.?
Question Description
Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.?.
Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.?.
Solutions for Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? in English & in Hindi are available as part of our courses for SSC CGL.
Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free.
Here you can find the meaning of Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? defined & explained in the simplest way possible. Besides giving the explanation of
Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.?, a detailed solution for Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? has been provided alongside types of Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? theory, EduRev gives you an
ample number of questions to practice Find the original cost price of an item that A sold with a 40% profit. If the profit percentage had been numerically equal to twice the cost price, the current profit would have been 300% more than what it is currently.? tests, examples and also practice SSC CGL tests.
|
|
Explore Courses for SSC CGL exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup