New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

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

    of 32% is Rs. 270 more than its selling price when sold at a loss of 40%. If the cost price of article ‘B’ is Rs. 64 more than that of ‘A’, then find the cost price of article ‘B’.
    A Rs. 409 Correct Answer Incorrect Answer
    B Rs. 429 Correct Answer Incorrect Answer
    C Rs. 459 Correct Answer Incorrect Answer
    D Rs. 439 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 = 270 Or, y = (270/72) Or, y = 3.75 So, cost price of article ‘A’ = 100 × 3.75 = Rs. 375 Therefore, cost price of article ‘B’ = 375 + 64 = Rs. 439

    Practice Next