An item was bought at INR X and sold at INR Y, thereby earning a profit of 20%. Had the value of X been 15% less and the value of Y been INR 76 less, a profit of 30% would have been earned. What was the value of ‘X’

  • INR 640/-
  • INR 400/-
  • INR 600/-
  • INR 800/-
  • INR 840/-
  • Explanation:

    C.P = X, Profit = 20%, S.P.= Y

    ∴ 120/100x= Y or Y = 6/5 X

    New, C.P = 85/100 X = 17/20X

    Profit = 30%

    S.P = Y=76

    ∴130/100×17/20X=Y-76

    or Y = 221/200X+76

    On comparing equations (i) and (ii),

    221/200X+76=6/5X

    76=6/5X-221/200X

    76=240X-221X/200

    76×200/19=X

    800=X

An item was bought at INR X and sold at INR Y, thereby earning a profit of 20%. Had the value of X b
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