📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Selling price of article ‘A’ when sold at a profit

    of 32% is Rs. 162 more than its selling price when sold at a loss of 40%. If the cost price of article ‘B’ is Rs. 77 more than that of ‘A’, then find the cost price of article ‘B’.
    A Rs. 322 Correct Answer Incorrect Answer
    B Rs. 300 Correct Answer Incorrect Answer
    C Rs. 302 Correct Answer Incorrect Answer
    D Rs. 202 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of article ‘A’ = Rs. ‘100y’ Then, selling price of the article when it is sold at a profit of 32% = 1.32 × 100y = Rs. ‘132y’ And, selling price of the article when it is sold at a loss of 40% = 0.60 × 100y = Rs. ‘60y’ According to the question, 132y – 60y = 162 Or, y = (162/72) Or, y = 2.25 So, cost price of article ‘A’ = 100 × 2.25 = Rs. 225 Therefore, cost price of article ‘B’ = 225 + 77 = Rs. 302

    Practice Next
    More Profit and loss Questions
    ask-question