Home » Aptitude » Profit and Loss » Question
  1. A book vendor sold a book at a loss of 20%. Had he sold it for $ 108 more, he would have earned a profit of 30%. Find the cost price of the book?
    1. $ 216
    2. $ 648
    3. $ 240
    4. $ 432
Correct Option: A

If the cost price of the book be $ y, then
According to question ,

y × ( 100 - 20 )
+ 108 =
y × ( 100 + 30 )
100100

13y
-
4y
= 108
105

13y -8y
= 108
10

5y
= 108 ⇒ y = $ 216
10

Using the given formula :
Here, a = 20%, R = $ 108, b = 30%
C.P. =
R × 100
b + a

C.P. =
108 × 100
30 + 20

C.P. =
10800
= $ 216
50



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