Question
Quantitative Ability and Data Interpretation Question on Profit and Loss
A man purchased a TV and fridge. If the price of TV is 150% of price of fridge then price of fridge is what percentage of the total cost of TV and fridge?
A
30
B
40
C
45
D
50
Answer
40
Explanation
Solution
Let the price of the fridge be F. Then the price of the TV is 1.5F.
The total cost of the TV and fridge is:
F+1.5F=2.5F
The percentage of the total cost that is the price of the fridge is:
2.5FF×100%=2.51×100%=40%
Thus, the price of the fridge is 40% of the total cost of the TV and fridge.