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Home Questions & Answers Aptitude Mental Ability Question Answers A shopkeeper sold some articles @ 35 per article and earned a profit of 40%. At what price each article should have been sold so that 60% profit was earned

    A shopkeeper sold some articles @ 35 per article and earned a profit of 40%. At what price each article should have been sold so that 60% profit was earned

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  • Explanation:

    Selling price=140% of cost price

    Cost price = 35*100/140 = 25

    Then, 60% of cost price = 60/100*25 = 15

     

     

    To set a profit of 60% the selling price=15+25=Rs.40