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    Question

    Ratio of the cost price of article β€˜A’ to β€˜B’ is

    6:7, respectively. Article β€˜A’ is marked up by 30% above its cost price and then sold at a discount of 20%. If the profit earned on article β€˜A’ is Rs. 600, then find the cost price of article β€˜B’.
    A Rs. 12500 Correct Answer Incorrect Answer
    B Rs. 17000 Correct Answer Incorrect Answer
    C Rs. 17500 Correct Answer Incorrect Answer
    D Rs. 16500 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of article β€˜A’ be Rs. 6x Marked price of article β€˜A’ = 1.3 Γ— 6x = Rs. 7.8x Selling price of article β€˜A’ = 7.8x Γ— 0.8 = Rs. 6.24x Or, 6x + 600 = 6.24x Or, 0.24x = 600 Or, x = 2500 Cost price of article β€˜B’ = 7x = 7 Γ— 2500 = Rs. 17500

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