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

    Question

    A purchased an article for Rs 1300. She sold the article

    at 12% profit. She then added Rs 400 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. 1484.80 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 × 1300 = Rs. 1456 Therefore, selling price of the purse for the seller = 1456 + 400 = Rs. 1856 Let the cost price of the purse for the seller be Rs. x According to the question, 1.25x = 1856 Or, x = 1856/1.25 = 1484.8 Therefore, cost price of the purse for the seller = Rs. 1484.80

    Practice Next