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

    Question

    P made a profit of 25% on an article, while Q sold the same

    article for a 24% profit. If P's profit was Rs. 40 more than Q's profit, what was the cost price of the article?
    A Rs.4,000 Correct Answer Incorrect Answer
    B Rs.4,500 Correct Answer Incorrect Answer
    C Rs.3,200 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ;
    Let the cost price of the article = Rs. ‘x’
    Selling price of the article for Shalu = Rs. ‘1.25x’
    Selling price of the article for Vicky = Rs. ‘1.24x’
    ATQ;
    (1.25x – 1.24x) = 40
    Or, 0.01x = 40
    So, x = 4000
    Therefore, cost price of the article = Rs.4,000

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