Syntel Company Numerical Ability Profit and Loss

A hawker sells oranges at a profit of 25 per cent. If he increases the selling price of each orange by 30 paisa, he earns a profit of 40%. Find the cost price and the initial selling price of each orange.

Read Solution (Total 1)

Let CP = X paise.

SP = X + 25% of X = 1.25X.

New SP = 1.25X - 60

New gain = 5% of X

1.25X - 60 - X = 0.05X.

0.2X = 60

X = 60/0.2 = 300 paise = Rs. 3.

So, initial selling price,

= 1.25X - 60

= 1.25 *300 - 60 = 315 = Rs. 3.15.
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