New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

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

    Article ‘A’ is marked up by 25% above its cost price and sold after giving some discount and there is a profit of 13% 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. 5600. Find the selling price of article ‘A’.
    A Rs. 5650 Correct Answer Incorrect Answer
    B Rs. 5050 Correct Answer Incorrect Answer
    C Rs. 5600 Correct Answer Incorrect Answer
    D Rs. 7650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.25x Selling price of article ‘A’ = Rs. 1.13x Discount offered on article ‘A’ = 1.25x – 1.13x = Rs. 0.12x According to the question, 0.12x + x = 5600 => x = 5600/1.12 = Rs. 5000 Selling price of the article ‘A’ = 1.13x = Rs. 5650

    Practice Next