Question

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

    Article ‘A’ is marked up by 21% 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. 2664. Find the selling price of article ‘A’.
    A Rs. 2640 Correct Answer Incorrect Answer
    B Rs. 2540 Correct Answer Incorrect Answer
    C Rs. 2600 Correct Answer Incorrect Answer
    D Rs. 2740 Correct Answer Incorrect Answer
    E Rs. 2840 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.21x Selling price of article ‘A’ = Rs. 1.1x Discount offered on article ‘A’ = 1.21x – 1.10x = Rs. 0.11x According to the question, 0.11x + x = 2664 => x = 2664/1.11 = Rs. 2400 Selling price of the article ‘A’ = 1.10x = Rs. 2640

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