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

    Question

    A purchased an article for Rs 2000. She sold the article

    at 15% profit. She then added Rs 200 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. 2000 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

    Solution

    Amount received by A after selling the article = 1.15 × 2000 = Rs. 2300 Therefore, selling price of the purse for the seller = 2300 + 200 = Rs. 2500 Let the cost price of the purse for the seller be Rs. x According to the question, 1.25x = 2500 Or, x = 2500/1.25 = 2000 Therefore, cost price of the purse for the seller = Rs. 2000

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