New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A purchased an article for Rs 2250. She sold the

    article at 10% profit. She then added Rs 450 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. 1632.80 Correct Answer Incorrect Answer
    B Rs. 1400 Correct Answer Incorrect Answer
    C Rs. 2750 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 = 1.10 × 2250 = Rs. 2475
    Therefore, selling price of the purse for the seller = 2475 + 450 = Rs. 2925
    Let the cost price of the purse for the seller be Rs. x
    According to the question, 1.25x = 2925
    Or, x = 2925/1.25 = 2340
    Therefore, cost price of the purse for the seller = Rs. 2340

    Practice Next