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

    Question

    The ratio of the cost price of an article to its selling

    price is 5:6. The marked price of the same item is Rs. 3,000 whereas the sum of the discount offered, and profit earned is Rs. 1,200. Find the selling price (in Rs.) of the article.
    A 2100 Correct Answer Incorrect Answer
    B 1800 Correct Answer Incorrect Answer
    C 2160 Correct Answer Incorrect Answer
    D 1650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price and selling price of the article be Rs. '5x' and Rs. '6x', respectively. According to the question, 3000−6x+(6x−5x) = 1200 Simplifying, 3000−6x+x = 1200 3000−5x = 1200 5x = 3000−1200 5x = 1800 x = 1800/5 = 360 Therefore, the selling price of the article is: 6x = 6×360 = 2160

    Practice Next

    Relevant for Exams: