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    Question

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

    Article ‘A’ is marked up by 23% 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. 2100. Find the selling price of article ‘A’.
    A Rs. 2650 Correct Answer Incorrect Answer
    B Rs. 2360 Correct Answer Incorrect Answer
    C Rs. 2600 Correct Answer Incorrect Answer
    D Rs. 2680 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. 1.23x Selling price of article ‘A’ = Rs. 1.18x Discount offered on article ‘A’ = 1.23x – 1.18x = Rs. 0.05x According to the question, 0.05x + x = 2100 => x = 2100/1.05 = Rs. 2000 Selling price of the article ‘A’ = 1.18x = Rs. 2360

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