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

    Question

    Sushil sold an item at 6% profit. Had he sold it for Rs.

    5,760 less, he would have incurred a loss of 10%. Find the cost price of the item. 
    A Rs. 26,000 Correct Answer Incorrect Answer
    B Rs. 48,000 Correct Answer Incorrect Answer
    C Rs. 36,000 Correct Answer Incorrect Answer
    D Rs. 28,000 Correct Answer Incorrect Answer

    Solution

    Let, the cost price of the item be Rs. '100x'. Initial selling price of the item = 1.06 X 100x = Rs. '106x' ATQ, 106x - 5760 = 0.9 X 100x Or, 106x - 5760 = 90x Or, 16x = 5760 Or, x = (5760/16) = 360 So, the cost price of the item = 100x = 100 x 360 = Rs. 36,000

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