Home » Aptitude » Profit and Loss » Question
  1. The cost price of a book is $ 150. At what price should it be sold to gain 20 %?
    1. $ 120
    2. $ 180
    3. $ 100
    4. $ 80
Correct Option: B

Given that , Cost price of a book = $ 150
For gain 20 % , then

Selling Price of book = 150 ×
( 100 + 20 )
= $ 180
100

We can find required answer with the help of given formula :
S.P. = C.P.
100 + profit %
100

S.P. =
150 × (100 + 20)
100

S.P. =
150 × 120
= $ 180
100



Your comments will be displayed only after manual approval.