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 A and B be p.
Given that, she made profit of 20% on A,
⇒1.2×c=p
⇒c=65p
⇒ cost of A=65p
Given that, she made a loss of 10% on B.
⇒0.9×c=p
⇒c=910p
⇒ cost of B=910p
Now, she sold them at a price such that a 10% profit is made on B.
Selling price =1011×910p=9p
Now,
Profit % on A,
=65911−65×100
=46.66%
≃47%
So, the correct option is (B): 47%