New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The mean purchase price of items 'X' and 'Y' is Rs. 600. Article 'X' is sold with a 20% profit, while article 'Y' is sold with a 30% profit. Calculate the total selling price of both items when the cost price of item 'X' exceeds that of item 'Y' by Rs. 300.

    A Rs.1400 Correct Answer Incorrect Answer
    B Rs.1485 Correct Answer Incorrect Answer
    C Rs.1480 Correct Answer Incorrect Answer
    D Rs.1000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Cost price of article ‘X’ = (2 × 600 + 300)/2 = Rs. 750 Cost price of article ‘Y’ = 1200 – 750 = Rs. 450 Desired selling price = [(1.20 × 750) + (1.30 × 450)] = Rs.1485

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