New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

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

    Article ‘A’ is marked up by 28% above its cost price and sold after giving some discount and there is a profit of 18% 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. 3410. Find the selling price of article ‘A’.
    A Rs. 3658 Correct Answer Incorrect Answer
    B Rs. 3008 Correct Answer Incorrect Answer
    C Rs. 3558 Correct Answer Incorrect Answer
    D Rs. 4658 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.28x Selling price of article ‘A’ = Rs. 1.18x Discount offered on article ‘A’ = 1.28x – 1.18x = Rs. 0.10x According to the question, 0.10x + x = 3410 => x = 3410/1.10 = Rs. 3100 Selling price of the article ‘A’ = 1.18x = Rs. 3658

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