• Question

      A purchased an article and sold it to B at 25% profit. B marked it up by 20% above the price at which A has purchased it and then sold it after giving a discount of Rs. 300. If B suffered a loss of 10% in the transaction, then find the cost price of the article for A.

      A Rs. 2500 Correct Answer Incorrect Answer
      B Rs. 2200 Correct Answer Incorrect Answer
      C Rs. 4000 Correct Answer Incorrect Answer
      D Rs. 2300 Correct Answer Incorrect Answer
      E Rs. 2250 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article for A be Rs. x
      Therefore, cost price of the article for B = Rs. 1.25x
      Marked price of the article = Rs. 1.20x
      Selling price of the article for B = 0.9 × 1.25x = Rs. 1.125x
      According to the question,
      1.20x – 1.125x = 300
      Or, x = 300/0.075 = 4000
      Therefore, cost price of the article for A = Rs. 4000

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