Question
Article ‘A’ and ‘B’ has equal cost prices.
Article ‘A’ is marked up by 22.5% above its cost price and sold after giving some discount and there is a profit of 15.2% 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. 1284. 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. 1.222x Selling price of article ‘A’ = Rs. 1.152x Discount offered on article ‘A’ = 1.222x – 1.152x = Rs. 0.07x According to the question, 0.07x + x = 1284 => x = 1284/1.07 = Rs. 1200 Selling price of the article ‘A’ = 1.152x = Rs. 1382.40
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