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Question

A shopkeeper marked an article ‘A’ 25% above the cost price and sold it for Rs. 7056 after giving a certain discount while he sold an article ‘B’ for Rs. 1344. If cost price of article ‘B’ is Rs. 960 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.

A Rs. 7840.25 Correct Answer Incorrect Answer
B Rs. 7526.40 Correct Answer Incorrect Answer
C Rs. 7360.12 Correct Answer Incorrect Answer
D Rs. 7720.23 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Percentage profit earned on selling article ‘B’ = [(1344 – 960)/960] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.6 = 25% So, marked price of article ‘A’ = 7056/0.75 = Rs. 9408 Cost price of article ‘A’ = 9408/1.25 = Rs. 7526.40

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