Question
Article βAβ and βBβ has equal cost prices.
Article βAβ 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 βBβ is marked up by amount equal to the discount offered on article βAβ. The marked price of article βBβ is Rs. 2100. Find the selling price of article βAβ.Solution
Let, the cost price of article βAβ and βBβ be Rs. x Marked price of article βAβ = Rs. 1.23x Selling price of article βAβ = Rs. 1.18x Discount offered on article βAβ = 1.23x β 1.18x = Rs. 0.05x According to the question, 0.05x + x = 2100 => x = 2100/1.05 = Rs. 2000 Selling price of the article βAβ = 1.18x = Rs. 2360
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