New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Ratio of the cost price of article ‘A’ to ‘B’ is

    5:3, respectively. Article ‘A’ is marked up by 40% above its cost price and then sold at a discount of 20%. If the profit earned on article ‘A’ is Rs. 261, then find the cost price of article ‘B’.
    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 ‘A’ be Rs. 5x Marked price of article ‘A’ = 1.40 × 5x = Rs. 7x Selling price of article ‘A’ = 7x × 0.8 = Rs. 5.6x Or, 5x + 261 = 5.6x Or, 0.6x = 261 Or, x = 435 Cost price of article ‘B’ = 3x = 3 × 435 = Rs. 1305

    Practice Next