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    Question

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

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

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