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    Question

    A purchased an article for Rs 1300. She sold the

    article at 10% profit. She then added Rs 400 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. 1632.80 Correct Answer Incorrect Answer
    B Rs. 1400 Correct Answer Incorrect Answer
    C Rs. 1525 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 × 1300 = Rs. 1430
    Therefore, selling price of the purse for the seller = 1430 + 400 = Rs. 1830
    Let the cost price of the purse for the seller be Rs. x
    According to the question, 1.20x = 1830
    Or, x = 1830/1.20 = 1525
    Therefore, cost price of the purse for the seller = Rs. 1525

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