Question

A purchased an article for Rs 1280. She sold the article at 10% profit. She then added Rs 200 to the amount received and purchased a purse such that the seller of purse gained 20%. 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. 1340 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 = 1.10 × 1280 = Rs. 1408
Therefore, selling price of the purse for the seller = 1408 + 200 = Rs. 1608
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.20x = 1608
Or, x = 1608/1.20 = 1340
Therefore, cost price of the purse for the seller = Rs. 1340

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