Question

    A vendor made a profit of 22% on an article, while another

    vendor sold the same article for a 19% profit. If the first vendor’s profit was Rs. 45 more than the second vendor’s profit, what was the cost price of the article?
    A Rs.1700 Correct Answer Incorrect Answer
    B Rs.1450 Correct Answer Incorrect Answer
    C Rs.1500 Correct Answer Incorrect Answer
    D Rs.1800 Correct Answer Incorrect Answer

    Solution

    ATQ;
    Let the cost price of the article = Rs. ‘x’
    Selling price of the article for the first vendor = Rs. ‘1.22x’
    Selling price of the article for the second vendor = Rs. ‘1.19x’
    ATQ;
    (1.22x – 1.19x) = 45
    Or, 0.03x = 45
    So, x = 45 / 0.03 = 1500
    Therefore, cost price of the article = Rs. 1,500

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