Problem Solving (PS) | Re: An article, if sold at a discount of 30%, results in a loss of 35

Assume the Selling Price(S.P) of the product is X

case 1: Selling at 0.7x(after discount) resulted in loss of 35
case 2: Selling at 0.9x(after discount) resulted in profit of 5

Equating the Selling Price of the product,
0.7x+35=0.9x-5
=> x=200

The Cost Price would be,
200(0.9)-5 = 175 OR 200(0.7)+35=175

Hence, if the product is sold at SP which is 200, the Profit on CP would be 200-175=25
The % profit on the CP would be (25/175)% i.e. 14.3%

Hence, D is the correct answer.

Statistics : Posted by aasdf1234 • on 08 Nov 2023, 01:30 • Replies 1 • Views 172

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