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Question

Quantitative Aptitude Question on Profit and Loss

Geeta sells A 20% (Profit) and B 10% (Loss) at the same sp. If she increases SP such that A and B still sold at an equal price and profit of 10% made on B, then profit made on A will be?

A

45%

B

47%

C

42 %

D

49%

Answer

47%

Explanation

Solution

Let the starting selling prices of AA and BB be pp.
Given that, she made profit of 20%20\% on AA,
1.2×c=p⇒ 1.2 \times c = p
c=5p6⇒ c = \frac {5p}{6}
cost of A=5p6A = \frac {5p}{6}
Given that, she made a loss of 10% on B.B.
0.9×c=p⇒0.9 \times c = p
c=10p9⇒ c = \frac {10p}{9}
⇒ cost of B=10p9B = \frac {10p}{9}
Now, she sold them at a price such that a 10%10\% profit is made on BB.
Selling price =1110×10p9=9p= \frac {11}{10}\times \frac {10p}{9} = 9p
Now,
Profit % on AA,
=1195656×100=\frac {\frac {11}{9}-\frac {5}{6}}{\frac 56} \times 100
=46.66%= 46.66\%
47%≃ 47\%

So, the correct option is (B): 47%47\%