Question
Ratio of the cost price of article βAβ to βBβ is
6:7, respectively. Article βAβ is marked up by 30% above its cost price and then sold at a discount of 20%. If the profit earned on article βAβ is Rs. 600, then find the cost price of article βBβ.Solution
Let the cost price of article βAβ be Rs. 6x Marked price of article βAβ = 1.3 Γ 6x = Rs. 7.8x Selling price of article βAβ = 7.8x Γ 0.8 = Rs. 6.24x Or, 6x + 600 = 6.24x Or, 0.24x = 600 Or, x = 2500 Cost price of article βBβ = 7x = 7 Γ 2500 = Rs. 17500
More Profit and loss Questions
- Select the letter-pair that can replace the question mark (?) in the following series?
FK, HM, LQ, RW, ZE, ? - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Select the number that can replace the question mark (?) in the following series.
24, 28, 37, 53, 78, ?