📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Article ‘A’ and ‘B’ has equal cost prices.

    Article ‘A’ is marked up by 20% above its cost price and sold after giving some discount and there is a profit of 10% in the whole transaction. Article ‘B’ is marked up by amount equal to the discount offered on article ‘A’. The marked price of article ‘B’ is Rs. 2750. Find the selling price of article ‘A’.
    A Rs. 2700 Correct Answer Incorrect Answer
    B Rs. 2650 Correct Answer Incorrect Answer
    C Rs. 2750 Correct Answer Incorrect Answer
    D Rs. 2770 Correct Answer Incorrect Answer
    E Rs. 2850 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.20x Selling price of article ‘A’ = Rs. 1.10x Discount offered on article ‘A’ = 1.20x – 1.10x = Rs. 0.1x According to the question, 0.1x + x = 2750 => x = 2750/1.1 = Rs. 2500 Selling price of the article ‘A’ = 1.10x = Rs. 2750

    Practice Next
    More Profit and loss Questions
    ask-question