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 17% 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. 1284. Find the selling price of article ‘A’.
    A Rs. 1320 Correct Answer Incorrect Answer
    B Rs. 1020 Correct Answer Incorrect Answer
    C Rs. 1300 Correct Answer Incorrect Answer
    D Rs. 1820 Correct Answer Incorrect Answer
    E Rs. 1330 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of article ‘A’ and ‘B’ be Rs. x Marked price of article ‘A’ = Rs. 1.17x Selling price of article ‘A’ = Rs. 1.10x Discount offered on article ‘A’ = 1.17x – 1.10x = Rs. 0.07x According to the question, 0.07x + x = 1284 => x = 1284/1.07 = Rs. 1200 Selling price of the article ‘A’ = 1.10x = Rs. 1320

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