New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    The profit earned after selling an article for Rs.1521

    is the same as loss incurred after selling the article for Rs.1157. What is the cost price of the article?
    A 1264 Correct Answer Incorrect Answer
    B 1240 Correct Answer Incorrect Answer
    C 1339 Correct Answer Incorrect Answer
    D 1314 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x Profit = Rs. y Therefore, x + y = SP => x + y = 1521 ----- (i) When SP = Rs. 1157, the loss = Rs. y Therefore, x – y = 1157 ------- (ii) Solving both the equation, we get => 2x = 2678 => x = Rs. 1339

    Practice Next