Question
Quantity I: The marked price
(MRP) of an item is 30% higher than its cost price (CP). The item was sold after providing a discount of Rs. 290. If the cost price of the item is Rs. 1800, determine the selling price (SP) of the item. Quantity II: 'P' purchased a second-hand phone for Rs. 1700 and spent Rs. 140 on repairs. He sold the phone at a profit of 12%. Calculate the price at which 'P' sold the phone. In the question, two Quantities I and II are given. You have to solve both the Quantity to establish the correct relation between Quantity-I and Quantity-II and choose the correct option.Solution
ATQ, Quantity I: MRP of item = 1.3 × 1,800 = Rs. 2,340 Therefore, SP of item = 2,340 - 290 = Rs. 2,050 So, Quantity I = Rs. 2,050 Quantity II: Actual CP of second-hand phone for 'P' = 1,700 + 140 = Rs. 1,840 SP of second-hand phone for 'P' = 1.12 × 1,840 = Rs. 2,060.8 So, Quantity II = Rs. 2,060.8 Therefore, Quantity-I < Quantity-II
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