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

    Question

    A seller sold an item at a loss of 22%. If he had sold

    it for Rs. 2,200 more, then he would have earned a profit of 18%. Find the cost price of the item.
    A Rs. 6,000 Correct Answer Incorrect Answer
    B Rs. 5,750 Correct Answer Incorrect Answer
    C Rs. 5,500 Correct Answer Incorrect Answer
    D Rs. 7,750 Correct Answer Incorrect Answer

    Solution

    ATQ, Let, the cost price of the item be Rs. '100x'. ATQ, Selling price of the item sold at 18% profit = 1.18 X 100x = Rs. (0.78 X 100x + 2200) Or, 118x = 78x + 2200 Or, 118x - 78x = 2200 Or, 40x = 2200 So, x = (2200/40) = 55 Therefore, the cost price of the item = 100x = 100 X 55 = Rs. 5,500

    Practice Next