Question
Two items, βXβ and βYβ, were each sold for Rs.
2500. Item βXβ was sold at a 20% loss, while Item βYβ was sold at a 25% profit. If the average cost price of Items βXβ, βYβ, and βZβ is Rs. 2400, determine the cost price of Item βZβ.Solution
ATQ; Cost price of article βAβ = 2500/0.8 = Rs. 3125 Cost price of article βBβ = 2500/1.25 = Rs. 2000 Therefore, cost price of article βCβ = (2400 Γ 3) β 3125 β 2000 = Rs. 2075
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