Question : Anil bought two articles A and B at a total cost of INR 10,000. He sold Article A at a 15% profit and Article B at a 10% loss. In the whole deal, he made no profit or loss. Find the selling price of the article A.
Option 1: INR 4,500
Option 2: INR 5,400
Option 3: INR 4,600
Option 4: INR 4,200
Correct Answer: INR 4,600
Solution :
Given: Anil bought two articles A and B at a total cost of INR 10,000.
He sold Article A at a 15% profit and Article B at a 10% loss.
Use the formulas,
Profit percentage = $\frac{SP–CP}{CP}\times 100$,
Loss percentage = $\frac{CP–SP}{CP}\times 100$,
where $SP$ and $CP$ are the selling price and the cost price.
Let the $CP$ of the article A and B be INR $x$ and INR $y$, respectively.
According to the question,
15% of $x$ = 10% of $y$
⇒ $x:y=2:3$
⇒ $x=\frac{2}{5}\times 10000=$ INR 4,000
The selling price of article A = $4000\times (1+15\%)$.
= $4000\times \frac{23}{20}=$ INR 4,600
Hence, the correct answer is INR 4,600.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CGL
