Question 108

When the article sold at the rate of Rs.1220 earned a profit of 11% more than that of the loss incurred when the same article sold at the rate of Rs.798. Find the Cost price of the article.

Solution

Share

Let cost price of the article = Rs. $$x$$

Loss = Rs. $$(x-798)$$

Profit = Rs. $$(1220-x)$$

According to ques, => $$\frac{P-L}{L}\times100=11$$

=> $$\frac{(1220-x)-(x-798)}{(x-798)}\times100=11$$

=> $$\frac{2018-2x}{x-798}=\frac{11}{100}$$

=> $$11x-8778=201800-200x$$

=> $$11x+200x=201800+8778=210578$$

=> $$x=\frac{210578}{211}=998$$

$$\therefore$$ Cost price = Rs. 998

=> Ans - (C)

Was this solution helpful?

Get AI Help

View More Questions From Profit, Loss, and Interest

Create a FREE account and get:

  • Download RRB Study Material PDF
  • 45+ RRB previous papers with solutions PDF
  • 300+ Online RRB Tests for Free

Free SSC Quant Questions

SSC Data InterpretationSSC GeometrySSC Linear EquationsSSC Number SystemsSSC Quadratic EquationsSSC TrigonometrySSC AgesSSC Arithmetic

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI