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      Question

      Ratio of the cost price of article โ€˜Aโ€™ to โ€˜Bโ€™ is

      5:3, respectively. Article โ€˜Aโ€™ is marked up by 40% above its cost price and then sold at a discount of 20%. If the profit earned on article โ€˜Aโ€™ is Rs. 261, then find the cost price of article โ€˜Bโ€™.
      A Rs. 1315 Correct Answer Incorrect Answer
      B Rs. 1325 Correct Answer Incorrect Answer
      C Rs. 1305 Correct Answer Incorrect Answer
      D Rs. 1355 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of article โ€˜Aโ€™ be Rs. 5x Marked price of article โ€˜Aโ€™ = 1.40 ร— 5x = Rs. 7x Selling price of article โ€˜Aโ€™ = 7x ร— 0.8 = Rs. 5.6x Or, 5x + 261 = 5.6x Or, 0.6x = 261 Or, x = 435 Cost price of article โ€˜Bโ€™ = 3x = 3 ร— 435 = Rs. 1305

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