New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A purchased an article for Rs 3500. She sold the

    article at 12% profit. She then added Rs 600 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. 3616 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 = 1.12 × 3500 = Rs. 3920
    Therefore, selling price of the purse for the seller = 3920 + 600 = Rs. 4520
    Let the cost price of the purse for the seller be Rs. x
    According to the question, 1.25x = 4520
    Or, x = 4520/1.25 = 3616
    Therefore, cost price of the purse for the seller = Rs. 3616

    Practice Next