SSC
Government Jobs Exams
Numerical Ability
Profit and Loss
a loss of 17% is converted to a profit of 25% when selling price is increased by 1662.what is the cp? and sp?
Read Solution (Total 3)
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- Let S.P be x,
c.p when loss of 17% occurs=100x/(100-17)
c.p when gain of 25% occurs=[100(x+1662)]/(100+25)
both c.p are same
equating the two equations,we get x(S.P)=Rs.3284.42
& thus C.P=Rs.3957.13 - 12 years agoHelpfull: Yes(1) No(0)
- let SP = x, when 17% loss on cp
therefore, cp*83/100= x; 100x= 83*cp.........(equ1)
similarly, SP= x+1662 when 25% profit on cp.
hence, cp*125= 100x+166200......(equ2)
now put the value of equ1 on equ2
and get CP = 3957.1428 - 9 years agoHelpfull: Yes(0) No(0)
- for covering loss and adding profit he needs to increase
loss+gain=17%+25%=42%
42%*3957.15=1662 that is the price increased by him - 8 years agoHelpfull: Yes(0) No(0)
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