Arithmetic Ability
Profit and Loss

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Q.

A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ?

View Answer

Correct choice: D

Explanation:

Let Cost Price(C.P) = P gain% = {(S.P-C.P)/C.P} x 100 25 = {(1540-P)/P} x 100 25/100 = (1540-P)/P => P = 4(1540)-4P => 5P = 4(1540) => P = 1232 So, Cost Price = Rs. 1232
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