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

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The ratio between the cost price of product G and H is

    8:7 respectively. Each of the products was marked 25% above its cost price. If the MRP of product G is Rs. 1000 more than the MRP of product H, then find out the sum of the cost price of both of the products.
    A Rs.12220 Correct Answer Incorrect Answer
    B Rs.15625 Correct Answer Incorrect Answer
    C Rs.13810 Correct Answer Incorrect Answer
    D Rs.12000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, The ratio between the cost price of product G and H is 8:7 respectively. Let’s assume the cost price of product G and H is 8v and 7v respectively. Each of the products was marked 25% above its cost price. 8v of (100+25)% = 7v of (100+25)% + 1000 8v x 1.25 = 7v x 1.25 + 1000 1.25(8v - 7v) = 1000 v x 1.25 = 100 v x 1.25 = 1000 v = 1000 / 1.25 v = 800 Sum of the cost price of both of the products = 8v + 7v = 15v = 15 x 800 = Rs.12000

    Practice Next
    More Profit and loss Questions
    ask-question