New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A seller calculated his intended selling price at 6%

    profit on the cost of a product. However, owing to some mistake while selling, the units and tens digits of the selling price got interchanged. This reduced the profit by Rs. 33 and profit percentage to 3.8%. What is the cost price of the product?
    A Rs 5000 Correct Answer Incorrect Answer
    B Rs 16000 Correct Answer Incorrect Answer
    C Rs 4500 Correct Answer Incorrect Answer
    D Rs 1500 Correct Answer Incorrect Answer
    E Rs 8000 Correct Answer Incorrect Answer

    Solution

    Profit % reduced = 6 - 3.8 = 2.2% Therefore, required C.P = (33/2.2) x 100 = Rs 1500

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