Question

A purchased an article for Rs 3500. She sold the article at 12% profit. She then added Rs 500 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. 5875 Correct Answer Incorrect Answer
B Rs. 1400 Correct Answer Incorrect Answer
C Rs. 3536 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 + 500 = Rs. 4420
Let the cost price of the purse for the seller be Rs. x
According to the question, 1.25x = 4420
Or, x = 4420/1.25 = 3536
Therefore, cost price of the purse for the seller = Rs. 3536

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