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’.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
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