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    Question

    A purchased an article for Rs 1260. She sold the

    article at 20% 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. 1400 Correct Answer Incorrect Answer
    C Rs. 1436 Correct Answer Incorrect Answer
    D Rs. 1529.60 Correct Answer Incorrect Answer
    E Rs. 1445 Correct Answer Incorrect Answer

    Solution

    Amount received by A after selling the article = 1.20 × 1260 = Rs. 1512
    Therefore, selling price of the purse for the seller = 1512 + 400 = Rs. 1912
    Let the cost price of the purse for the seller be Rs. x
    According to the question, 1.25x = 1912
    Or, x = 1912/1.25 = 1529.60
    Therefore, cost price of the purse for the seller = Rs. 1529.60

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