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

    Question

    A man bought two properties. The cost of the first

    property is 60% of the cost of the second property. He sold the first property at a profit of 25% and the second property at a loss of 20%. The total selling price of both properties is Rs 46,500. What is the cost price of the first property?
    A 18,000 Correct Answer Incorrect Answer
    B 18,500 Correct Answer Incorrect Answer
    C 19,000 Correct Answer Incorrect Answer
    D 19,500 Correct Answer Incorrect Answer
    E none Correct Answer Incorrect Answer

    Solution

    Let the cost of the second property be 10x Then, the cost of the first property = 6x Selling Price of the first property = 125% of 6x = 7.5x Selling Price of the second property = 80% of 10x = 8x Total Selling Price = 8x+7.5x = 15.5x 15.5x = 46,500 x = 3000 cost price of first property = 6x = 18,000

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