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    Question

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

    5:6, respectively. Article ‘A’ is marked up by 30% above its cost price and then sold at a discount of 20%. If the profit earned on article ‘A’ is Rs. 262, then find the cost price of article ‘B’.
    A Rs. 7260 Correct Answer Incorrect Answer
    B Rs. 7560 Correct Answer Incorrect Answer
    C Rs. 7860 Correct Answer Incorrect Answer
    D Rs. 7360 Correct Answer Incorrect Answer

    Solution

    Let the cost price of article ‘A’ be Rs. 5x Marked price of article ‘A’ = 1.3 × 5x = Rs. 6.5x Selling price of article ‘A’ = 6.5x × 0.8 = Rs. 5.2x Or, 5x + 262 = 5.2x Or, 0.2x = 262 Or, x = 1310 Cost price of article ‘B’ = 6x = 6 × 1310 = Rs. 7860

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