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 18% 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. 1620. Find the selling price of article ‘A’.
    A Rs. 1650 Correct Answer Incorrect Answer
    B Rs. 1582 Correct Answer Incorrect Answer
    C Rs. 1382 Correct Answer Incorrect Answer
    D Rs. 1782 Correct Answer Incorrect Answer
    E Rs. 1300 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.18x Selling price of article ‘A’ = Rs. 1.10x Discount offered on article ‘A’ = 1.18x – 1.10x = Rs. 0.08x According to the question, 0.08x + x = 1620 => x = 1620/1.08 = Rs. 1500 Selling price of the article ‘A’ = 1.10x = Rs. 1650

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