New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The ratio of cost price and selling price of a shirt is

    4:5 respectively. The shirt was marked up by 40% above its cost price, and sold after giving Rs.60 discount. Find the cost price of the shirt.
    A Rs.700 Correct Answer Incorrect Answer
    B Rs.620 Correct Answer Incorrect Answer
    C Rs.560 Correct Answer Incorrect Answer
    D Rs.400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the Cost price and Selling price of the shirt be Rs. 4x and 5x respectively. According to the question, => 1.4 × 4x – 40 = 5x => x = 40/0.6 = 100 Therefore the cost price of the shirt = 4x = Rs.400

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