πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Selling price of article β€˜A’ when sold at a profit

    of 20% is Rs. 150 more than its selling price when sold at a loss of 30%. If the cost price of article β€˜B’ is Rs. 80 more than that of β€˜A’, then find the cost price of article β€˜B’.
    A Rs. 380 Correct Answer Incorrect Answer
    B Rs. 370 Correct Answer Incorrect Answer
    C Rs. 330 Correct Answer Incorrect Answer
    D Rs. 390 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of article β€˜A’ = Rs. β€˜100y’ Then, selling price of the article when it is sold at a profit of 20% = 1.20 Γ— 100y = Rs. β€˜120y’ And, selling price of the article when it is sold at a loss of 30% = 0.70 Γ— 100y = Rs. β€˜70y’ According to the question, 120y – 70y = 150 Or, y = (150/50) Or, y = 3 So, cost price of article β€˜A’ = 100 Γ— 3 = Rs. 300 Therefore, cost price of article β€˜B’ = 300 + 80 = Rs. 380

    Practice Next
    More Profit and loss Questions
    ask-question