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

    Question

    A purchased an article for Rs. 1250. She sold the

    article at 12% profit. She then added Rs. 400 to the amount received and purchased a purse such that the seller of purse gained 25%. Find the cost price of purse for the seller.
    A Rs. 1440 Correct Answer Incorrect Answer
    B Rs. 1040 Correct Answer Incorrect Answer
    C Rs. 1450 Correct Answer Incorrect Answer
    D Rs. 1340 Correct Answer Incorrect Answer
    E Rs. 1445 Correct Answer Incorrect Answer

    Solution

    Amount received by A after selling the article = 1.12 × 1250 = Rs. 1400 Therefore, selling price of the purse for the seller = 1400 + 400 = Rs. 1800 Let the cost price of the purse for the seller be Rs. x According to the question, 1.25x = 1800 Or, x = 1800/1.25 = 1440 Therefore, cost price of the purse for the seller = Rs. 1440

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