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Profit and Loss Practice Test 5
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© examsnet.com
Question : 1
Total: 40
An increase of Rs. 3 in the selling price of an article turns a loss of
7
1
2
%
into gain of
7
1
2
%
. What is the cost price (in Rs.) of the article?
10
15
20
25
Validate
Solution:
Here,
(
15
2
+
15
2
)
%
=
3
⇒
100
%
=
3
15
×
100
=
20
Hence, C.P. of the article = Rs. 20
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