The percent profit made when an article is sold for Rs.

Home » Aptitude » Profit and Loss » Question

The percent profit made when an article is sold for Rs. 78 is twice as much as when it is sold for Rs. 69. The cost price of the article is

1. Rs. 60
2. Rs. 51
3. Rs. 55.50
4. Rs. 70

Correct Option: A

Let the C.P. of article be Rs. y.
Here , First S.P. = Rs. 78 and Second S.P. = Rs. 69
According to the question,
78 – y = 2 (69– y)
⇒ 78 – y = 138 – 2y
⇒ 2y – y = 138 – 78
⇒ y = Rs. 60