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      Question

      A purchased an article for Rs 1550. She sold the

      article at 8% profit. She then added Rs 355 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. 1623.20 Correct Answer Incorrect Answer
      D Rs. 1529.60 Correct Answer Incorrect Answer
      E Rs. 2340 Correct Answer Incorrect Answer

      Solution

      Amount received by A after selling the article = 1.08 × 1550 = Rs. 1674
      Therefore, selling price of the purse for the seller = 1674 + 355 = Rs. 2029
      Let the cost price of the purse for the seller be Rs. x
      According to the question, 1.25x = 2029
      Or, x = 2009/1.25 = 1623.20
      Therefore, cost price of the purse for the seller = Rs. 1623.20

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