Question
Article ‘A’ and ‘B’ has equal cost prices. Article ‘A’ is marked up by 22% above its cost price and sold after giving some discount and there is a profit of 12% 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. 3080. Find the selling price of article ‘A’.
Solution
Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.22x Selling price of article ‘A’ = Rs. 1.12x Discount offered on article ‘A’ = 1.22x – 1.12x = Rs. 0.1x According to the question, 0.1x + x = 3080 => x = 3080/1.1 = Rs. 2800 Selling price of the article ‘A’ = 1.12x = Rs. 3136
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