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    Question

    A purchased an article for Rs 1200. She sold the

    article at 10% profit. She then added Rs 500 to the amount received and purchased a purse such that the seller of purse gained 30%. Find the cost price of purse for the seller.
    A Rs. 1440 Correct Answer Incorrect Answer
    B Rs. 1400 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 = 1.10 × 1200 = Rs. 1320
    Therefore, selling price of the purse for the seller = 1320 + 500 = Rs. 1820
    Let the cost price of the purse for the seller be Rs. x
    According to the question, 1.30x = 1820
    Or, x = 1820/1.30 = 1400
    Therefore, cost price of the purse for the seller = Rs. 1400

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