New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    'A' purchased an article and sold it to 'B' at 10%

    profit. 'B' marked it up by 20% above the price at which 'A' has purchased it and then sold it after giving a discount of Rs. 711.2. If 'B' suffered a loss of 14% in the transaction, then find the cost price of the article for 'A'.
    A Rs. 2000 Correct Answer Incorrect Answer
    B Rs. 2100 Correct Answer Incorrect Answer
    C Rs. 2500 Correct Answer Incorrect Answer
    D Rs. 2800 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article for A be Rs. x Therefore, cost price of the article for B = Rs. 1.1x Marked price of the article = Rs. 1.2x Selling price of the article for B = 0.86 × 1.1x = Rs. 0.946x According to the question, 1.2x – 0.946x = 711.2 Or, x = 711.2/0.254 = 2800 Therefore, cost price of the article for A = Rs. 2800

    Practice Next