📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

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

    profit. 'B' marked it up by 19% above the price at which 'A' has purchased it and then sold it after giving a discount of Rs. 167.58. If 'B' suffered a loss of 16% in the transaction, then find the cost price of the article for 'A'.
    A Rs. 600 Correct Answer Incorrect Answer
    B Rs. 660 Correct Answer Incorrect Answer
    C Rs. 630 Correct Answer Incorrect Answer
    D Rs. 680 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. 1.19x Selling price of the article for B = 0.84 × 1.1x = Rs. 0.924x According to the question, 1.19x – 0.924x = 167.58 Or, x = 167.58/0.266 = 630 Therefore, cost price of the article for A = Rs. 630

    Practice Next
    More Profit and loss Questions
    ask-question