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

    Register

    Question

    Ajay bought a table Fan and a wall Fan for Rs. __ and

    Rs. 1500 respectively. He marked the table Fan 20% above the cost price and the Wall fan 25% above the cost price and allowed a discount of Rs. 125 on the wall fan. He sold the table Fan for Rs. __ and the profit earned on the table Fan is equal to the profit earned on the wall fan. I.    1000, 1200 II.   1600, 1850 III.  1300, 1560 IV.  1400, 1650
    A only I and III Correct Answer Incorrect Answer
    B only III and IV Correct Answer Incorrect Answer
    C only II and IV Correct Answer Incorrect Answer
    D only I and II Correct Answer Incorrect Answer
    E only I, II and IV Correct Answer Incorrect Answer

    Solution

    ATQ, we can say that Let CP of Table Fan = Rs.'a' ,  Then CP of wall Fan = 1500 Rs.  MP of Table = 1.2a Rs.  MP of Wall fan = 1.25 × 1500 = 1875 Rs.  SP of wall fan = 1875 – 125 = 1750 Rs. ,  Profit = 1750 – 1500 = 250 Rs.  SP of Table = a + 250 Rs.  I.   a = 1000, SP of Table = 1000 + 250 = 1250 Rs.  II   a = 1600, SP of Table = 1600 + 250 = 1850 Rs.  III  a = 1300, SP of Table = 1300 + 250 = 1550 Rs.  IV  a = 1400, SP of Table = 1400 + 250 = 1650 Rs.

    Practice Next

    Relevant for Exams: