Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 20618
Q. By purchasing an article at 20 % discount on the original price and then selling it at a price of 25% above the original price, a trader earns Rs. 200 as the profit. What was the original price of the article?- Published on 07 Jul 17a. Rs. 444.44
b. Rs. 255.50
c. Rs. 100.10
d. Rs. 810
e. None of these
ANSWER: Rs. 444.44
Let the original price of the article be Rs. 100. Hence the purchase price for the trader would be Rs. 80 and his selling price would be Rs. 125. Thus, he would earn a profit of Rs. 45 (125 – 80). Therefore,
Profit is Rs. 45 if the original price is Rs. 100
Hence, if profit is Rs. 200, then original price will be..
= 100x 200/45
= Rs. 444.44
