A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is = ?
A. Rs. 320
B. Rs. 360
C. Rs. 400
D. Rs. 440
Answer: Option C
Solution(By Examveda Team)
\[\begin{gathered} {\text{CP }}\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{SP}}\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,{\text{ MP}} \hfill \\ 100\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,112\,\,\xleftarrow[{ - 20\% }]{}\,\,\,\,140 \hfill \\ \end{gathered} \]$$\eqalign{ & {\text{Profit}} = 112 - 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 12{\text{units}} \cr & {\text{12 units}} = {\text{ Rs}}{\text{.}}\,{\text{48}} \cr & {\text{1 unit}} = {\text{Rs}}{\text{.}}\,{\text{4}} \cr & {\text{So, CP}} = {\text{100 units}} = {\text{Rs}}{\text{.400}} \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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