When an item is sold for Rs.60, the profit is 1/5 of the pur… | Applied Mathematics - Profit - Loss – Math | Vijayee Scholarship App

Math

Applied Mathematics - Profit - Loss

MCQ

When an item is sold for Rs.60, the profit is 1/5 of the purchase price. What is the purchase price?

A

₹ 50

B

₹ 48

C

₹ 55

D

₹ 45

Explanation

Profit = 1/5 Buy Price ⇒ Sell Price = 6/5 Buy Price ⇒ 60 = 6/5 Buy Price ⇒ Buy Price = 50.

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