Question
Selling price of article βAβ when sold at a profit
of 60% is Rs. 190 more than its selling price when sold at a loss of 16%. If the cost price of article βBβ is Rs. 80 more than that of βAβ, then find the cost price of article βBβ.Solution
Let the cost price of article βAβ = Rs. β100yβ Then, selling price of the article when it is sold at a profit of 60% = 1.60 Γ 100y = Rs. β160yβ And, selling price of the article when it is sold at a loss of 16% = 0.84 Γ 100y = Rs. β84yβ According to the question, 160y β 84y = 190 Or, y = (190/76) Or, y = 2.5 So, cost price of article βAβ = 100 Γ 2.5 = Rs. 250 Therefore, cost price of article βBβ = 250 + 80 = Rs. 330
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