New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The profit earned on the item sold at the rate of 2720

    rupees, is 11% more profit than the loss on the same item sold at the rate of Rs. 1,243. Find the purchase price of the item.
    A Rs.11934 Correct Answer Incorrect Answer
    B Rs.1943 Correct Answer Incorrect Answer
    C Rs.1843 Correct Answer Incorrect Answer
    D Rs.1834 Correct Answer Incorrect Answer

    Solution

    Let cost price of the article be Rs. x (2720-x) = (x-1243) x 111/100 272000-100x=111x- 137973 111x+100x = 272000 + 137973 211x=409973 x = 409973/211 x = Rs. 1943 The cost price of the article is Rs. 1943.

    Practice Next

    Relevant for Exams: