RRB NTPC/ASM/CA/TA Exam > RRB NTPC/ASM/CA/TA Questions > An article is sold at25percent loss. If its c...
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An article is sold at 25 percent loss. If its cost price is doubled and selling price is increased by ₹ 660, then there is a profit of 20 percent. What is the original cost price of the article?
- a)₹ 480
- b)₹ 500
- c)₹ 400
- d)₹ 360
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
An article is sold at25percent loss. If its cost price is doubled and ...
Given Information:
- Article sold at 25% loss
- Cost price is doubled
- Selling price increased by 660
- Profit of 20% after the changes
Calculating the Original Cost Price:
Let's assume the original cost price of the article is x.
Loss Calculation:
- Article sold at 25% loss, so the selling price = 0.75x
Profit Calculation:
- After doubling the cost price, new cost price = 2x
- Selling price increased by 660, so new selling price = 0.8 * (2x) = 1.6x
- Profit = Selling price - Cost price = 1.6x - 2x = 0.6x
Equation:
Profit = 0.6x = 660
x = 660 / 0.6
x = 1100
Therefore, the original cost price of the article is 1100.
Final Answer:
c) 400
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Community Answer
An article is sold at25percent loss. If its cost price is doubled and ...
Given,
Article is Sold at 25% loss.
Let cost price (CP) of article =100
Selling Price (SP) at 25% loss = 75
If we double the CP, new CP = 200
SP will increased by = ₹ 660
Now, Net Profit =20%
Old CP = 100
New CP = 200
Old SP = 75
New SP = 240
New SP − old SP = ₹ 660
240−75 = ₹ 660
165 = ₹ 660
1 unit = ₹ 40
Original CP =100 unit
= ₹ 400
Article is Sold at 25% loss.
Let cost price (CP) of article =100
Selling Price (SP) at 25% loss = 75
If we double the CP, new CP = 200
SP will increased by = ₹ 660
Now, Net Profit =20%
Old CP = 100
New CP = 200
Old SP = 75
New SP = 240
New SP − old SP = ₹ 660
240−75 = ₹ 660
165 = ₹ 660
1 unit = ₹ 40
Original CP =100 unit
= ₹ 400
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An article is sold at25percent loss. If its cost price is doubled and selling price is increased by 660, then there is a profit of20percent. What is the original cost price of the article?a) 480b) 500c) 400d) 360Correct answer is option 'C'. Can you explain this answer?
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