Home » Aptitude » Profit and Loss » Question
  1. A merchant buys an article for $ 27 and sells it at a profit of 10% of the selling price. The selling price of the article is :
    1. $ 29.70
    2. $ 30
    3. $ 37
    4. $ 32
Correct Option: B

Here , Cost Price = $ 27 , Profit% = 10%

S.P. – C.P. =
10 S.P.
=
S.P.

10010

⇒ S.P. -
S.P.
= C.P.
10

10S.P. - S.P.
= 27
10

⇒ S.P. =
27 × 10
= $ 30
9

Second method to solve this question :
C.P. = 27, Profit =
10
100

Profit =
S.P.
10

∴ Profit = S.P. – C.P.
S.P.
= S.P. - 27
10

27 = S.P. –
S.P.
10

S.P. =
27 × 10
= $ 30
9



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