how to solve profit and loss - Interview Questions

how to solve profit and loss

The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article ?

Answer : C. Rs 360…

A merchant sold an article at 10% loss. If he had sold it Rs 450 more, 8% would have been gained on the cost price. Find the cost price ?

Answer : D. Rs 2500…