Question
'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 27% above the price at which 'A' has purchased it and then sold it after giving a discount of Rs. 1400. If 'B' suffered a loss of 10% in the transaction, then find the cost price of the article for 'A'.
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. 1.27x Selling price of the article for B = 0.9 × 1.1x = Rs. 0.99x According to the question, 1.27x – 0.99x = 1400 Or, x = 1400/0.28 = 5000 Therefore, cost price of the article for A = Rs. 5000
More Profit and loss Questions
- A shopkeeper marks an item at Rs 1500. He gives a discount of 10% on the marked price and still makes a profit of 20% on his cost price. Find the cost pric...
- The profit earned by selling an article for Rs. 8,600 is 7/12th the loss incurred on selling the same article for Rs. 5,700. Find the selling price of the ...
- Riya bought a laptop for Rs. (5200 + x). She sold it to Aman at a profit of 10%. Aman sold it to Meena at a profit of 25%, and Meena sold it to Piyush at a...
- The cost price of table A is equal to the selling price of table B. The cost price of table B is Rs.280 and the selling price of table A is Rs.300. If the ...
- A shopkeeper sold an article after offering two successive discounts of 21% and 25%, respectively. The marked price of the article is Rs. 2300. If the cost...
- A jacket tagged at Rs. 1450 is sold after two sequential discounts of 12% and 18%. Find the amount the buyer pays.
- Cost price of a piece of furniture is Rs. 4,000. It is labeled 50% above cost and finally sold after reducing Rs. 600 from the marked price. What is the pr...
- A dealer sold an article at a loss of 4%. Had he sold it for ₹120 more, he would have gained 8%. To gain 11%, he should sell the article for?
- P purchased a book from registered store and gets 12% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs. 12...
- A machine is sold at 10% profit and its selling price is Rs. 40 more than when sold at a 15% loss. Determine the cost price of the machine.
