Question
Two items, βDβ and βEβ, were each sold for Rs.
4500. Item βDβ was sold at a 20% loss, while Item βEβ was sold at a 25% profit. If the average cost price of Items βDβ, βEβ, and βFβ is Rs. 4200, determine the cost price of Item βFβ.Solution
ATQ;
Cost price of article βDβ = 4500 / 0.80 = Rs. 5625
Cost price of article βEβ = 4500 / 1.25 = Rs. 3600
Therefore, cost price of article βFβ = (4200 Γ 3) β 5625 β 3600 = Rs. 3375
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