Question : On selling 38 balls at INR 2,240, there is a loss equal to the cost price of 6 balls. The cost price of a ball is equal to:
Option 1: INR 80
Option 2: INR 70
Option 3: INR 60
Option 4: INR 50
Correct Answer: INR 70
Solution :
Given: On selling 38 balls at INR 2,240, there is a loss equal to the cost price of 6 balls.
Loss = Cost price – Selling price
According to the question,
Cost Price of 6 = Cost Price of 38 – Selling Price of 38
⇒ Cost Price of 32 = Selling Price of 38
⇒ Cost Price of 32 = 2240
⇒ Cost Price of 1 ball = INR 70
Hence, the correct answer is INR 70
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