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

    Question

    'A' purchased an article and sold it to 'B' at 10%

    profit. 'B' marked it up by 26% above the price at which 'A' has purchased it and then sold it after giving a discount of Rs. 671.6. If 'B' suffered a loss of 12% in the transaction, then find the cost price of the article for 'A'.
    A Rs. 2200 Correct Answer Incorrect Answer
    B Rs. 2500 Correct Answer Incorrect Answer
    C Rs. 2350 Correct Answer Incorrect Answer
    D Rs. 2300 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article for A be Rs. x Therefore, cost price of the article for B = Rs. 1.1x Marked price of the article = Rs. 1.26x Selling price of the article for B = 0.88 × 1.1x = Rs. 0.968x According to the question, 1.26x – 0.968x = 671.6 Or, x = 671.6/0.292 = 2300 Therefore, cost price of the article for A = Rs. 2300

    Practice Next

    Relevant for Exams: