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
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
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.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : An article is sold at a 25% loss. If its cost price is doubled and the selling price is increased by INR 660, then there is a profit of 20%. What is the original cost price of the article?
Question : The selling prices of articles A and B are the same. A is sold at a profit of 28% and B is sold at a loss of 24%. If the total selling price of both articles is INR 48640, then what is the cost price of A and B, respectively?
Question : A trader sold an article at a profit of 20%. Had he bought that article at 60% less price and sold it at INR 90, he would have gained 50%. What is the value (in INR) of the cost price?
Question : While selling an article for INR 18,450, a person suffered a loss of 50%. At what price he should have sold the article to earn a profit of 50%?
Question : A dealer sold an article at a loss of 2%. Had he sold it for INR 44 more, he would have gained 20%. Find the cost price of the article.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile