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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?


  • Options
  • A. Rs. 380
  • B. Rs. 420
  • C. Rs. 460
  • D. Rs. 440

  • Correct Answer
  • Rs. 420 

    Explanation

    As given in the question, Marked price is 25% more than the Cost price.

    => C.P of the article =  3 4   x   400   =   300  

    Now, 

    Let the original S.P of the article be Rs. P

    Now the new S.P = P +  16 . 666   + 13 . 333 300   x   P  

    => S.P =  7 P 6

    According to the question,

    7 P 6   -   300   =   2 P   -   300

    => 5P = 1800

    => P = Rs. 360

    Hence, the increased S.P = 360 x 7/6 = Rs. 420. 

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, IT Trainer

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