New Enroll in RBI Grade B New Batch - Starts on May 21

    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’.
    A Rs. 2800 Correct Answer Incorrect Answer
    B Rs. 2900 Correct Answer Incorrect Answer
    C Rs. 2500 Correct Answer Incorrect Answer
    D Rs. 2700 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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