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    Question

    Ratio of the cost price of article β€˜A’ to β€˜B’ is

    3:7, respectively. Article β€˜A’ is marked up by 45% above its cost price and then sold at a discount of 20%. If the profit earned on article β€˜A’ is Rs. 240, then find the cost price of article β€˜B’.
    A Rs. 3500 Correct Answer Incorrect Answer
    B Rs. 3625 Correct Answer Incorrect Answer
    C Rs. 3685 Correct Answer Incorrect Answer
    D Rs. 3675 Correct Answer Incorrect Answer

    Solution

    Let the cost price of article β€˜A’ be Rs. 3x Marked price of article β€˜A’ = 1.45 Γ— 3x = Rs. 4.35x Selling price of article β€˜A’ = 4.35x Γ— 0.8 = Rs. 3.48x Or, 3x + 240 = 3.48x Or, 0.48x = 240 Or, x = 500 Cost price of article β€˜B’ = 7x = 7 Γ— 500 = Rs. 3500

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