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