Question
Ratio of the cost price of article ‘A’ to ‘B’ is
8:7, respectively. Article ‘A’ is marked up by 46% above its cost price and then sold at a discount of 20%. If the profit earned on article ‘A’ is Rs. 537.6, then find the cost price of article ‘B’.Solution
Let the cost price of article ‘A’ be Rs. 8x Marked price of article ‘A’ = 1.46 × 8x = Rs. 11.68x Selling price of article ‘A’ = 11.68x × 0.8 = Rs. 9.344x Or, 8x + 537.6 = 9.344x Or, 1.344x = 537.6 Or, x = 400 Cost price of article ‘B’ = 7x = 7 × 400= Rs. 2800
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