Question

    A shopkeeper bought article ‘A’ for Rs. ‘x’ and

    marked it 20% above its cost price and sold it for Rs. 1500. Marked price of article ‘B’ is Rs. 1000 more than that of article ‘A’ while selling price of article ‘B’ is Rs. 170 more than that of ‘A’. Find the cost price of article ‘A’ if article ‘B’ is sold at a discount of 20%.
    A Rs. 900.25 Correct Answer Incorrect Answer
    B Rs. 1006.25 Correct Answer Incorrect Answer
    C Rs. 906.25 Correct Answer Incorrect Answer
    D Rs. 806.25 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Selling price of article ‘B’ = 170 + 1500 = Rs. 1670 Marked price of article ‘B’ = 1670/0.80 = Rs. 2087.5 Marked price of article ‘A’ = 2087.5 – 1000 = Rs. 1087.5 Cost price of article ‘A’ = 1087.5/1.2 = Rs. 906.25

    Practice Next
    More Profit and loss Questions
    ask-question