📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Rohit purchased two identical items. He sold one for Rs.

    920 and the other for Rs. 805, earning an overall profit of 15%. What was the cost price of each item?
    A Rs.600 Correct Answer Incorrect Answer
    B Rs.440 Correct Answer Incorrect Answer
    C Rs.750 Correct Answer Incorrect Answer
    D Rs.120 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of each item be Rs. x Total cost price = Rs. 2x Total selling price = 920 + 805 = Rs. 1725 ATQ; 1725 = 2x × 1.15 2x = 1725 / 1.15 2x = 1500 x = 750 So, the cost price of each item = Rs. 750

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call