Profit and Loss - Arithmetic Aptitude Questions and Answers

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On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

Rs. 45

Rs. 50

Rs. 55

Rs. 60

Answer : Option D

Explanation :

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)

C.P. of 12 balls = S.P. of 17 balls = Rs.720.

C.P. of 1 ball = Rs.			\([\frac { 720} {1 2 } ]\)	= Rs. 60.

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