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

    Question

    A merchant bought a sofa and a bed at the same cost. He

    marked the sofa 60% above the CP and the bed 40% above the CP. He sold the sofa at a 30% discount and the bed at a 20% discount. If the total profit made is Rs 3,600, find the selling price of the sofa.
    A Rs 15,000 Correct Answer Incorrect Answer
    B Rs 15,600 Correct Answer Incorrect Answer
    C Rs 16,800 Correct Answer Incorrect Answer
    D Rs 17,400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let, the cost price of a sofa or a bed = Rs. x Marked price of the sofa = Rs. 1.6x Selling price of the sofa = 1.6x × 0.70 = Rs. 1.12x Marked price of the bed = Rs. 1.4x Selling price of the bed = 1.4x × 0.80 = Rs. 1.12x According to question: 1.12x + 1.12x – 2x = 3600 0.24x = 3600 x = 15000 So the selling price of the sofa = 1.12 × 15000 = Rs. 16,800

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question