Quantitative Aptitude Ques 795

Question: Directions: In the following questions, two equations numbered I and II are given. You have to solve both the equations and give answer.

What was the per cent profit/loss made/incurred by selling an article for Rs. 24000? I. The ratio between the selling price and the cost price of the article is 5: 3, respectively. II. The difference between the cost price and the selling price is Rs. 9600.

Options:

A) If

B) If

C) If

D) If

E) If or the relationship cannot be established

Show Answer

Answer:

Correct Answer: C

Solution:

  • From statement I, Cost price of the article Profit Profit percent From statement II, Cost price Hence, profit per cent can be determined.
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