Latest SSC Aptitude Question SOLUTION: Q. A merchant fixed the selling price of his articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selli

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(#M40032647) SSC Numerical Ability question profit and loss Keep an EYE

Q. A merchant fixed the selling price of his articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price.

Asked In SSC Geethalakshmi.A (10 years ago)

Solved julee verma Read Solution (8)

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Read Solution (8) :

julee verma  (10 years ago)

consider cost price=c.p.
s.p.=Rs.700, profit=40%ofc.p.
then,40%of c.p.=s.p.-c.p.
2/5 c.p.=s.p.-c.p.
7/5c.p.=700
so, c.p.=100*5=Rs.500
now at 10% profit selling price will be-
10%of c.p.=s.p.-c.p.
1/10*500=s.p.-500
on solving we get s.p.=500+50=550
so new selling price=Rs.550

Is this solution Helpfull? Yes (4) | No   

abhishek  (10 years ago)

700=140/100*c.p
s.p=110/100*c.p
solving dis we get
s.p=550

Is this solution Helpfull? Yes (3) | No   

Komala.G  (10 years ago)

With 40% profit selling price was 700(old selling price)
Then, Cost price would be
140/100 = 700 = 500(cost price)
Cost price + profit = Selling price
500+(500*10/100)50 = 550(new selling price)

Is this solution Helpfull? Yes (1) | No   

Avigyan  (10 years ago)

cp is 500 .. so 10% profit would be 50. therefore the selling price is 550.

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SUDHIR SHARMA  (10 years ago)

Let c.p=x Rs.
Then 40% of x = 2x/5 Rs.
Therefore s.p= x+2x/5 = 7x/5 Rs.
Given that, s.p = 700 Rs.
7x/5=700
which gives x=500 Rs.
Now 10% of 500 = 50Rs.
Therefor New s.p = 500+50=550 Rs.

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Suman  (10 years ago)

price of article will be 500
at 40 % profit=500+200=700
so at 10% profit it will be 550

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shama  (10 years ago)

selling price s.p=c.p+ 40%of c.p
700=c.p+o.4 c.p
so c.p=Rs.500
new s.p=10%of c.p+c.p
=o.1*500+500=Rs.550 is da answer

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rahul  (10 years ago)

ans-550
s.p=700
profit=40%
cp=700*100/140=500
add 10% profit to 500
550

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