New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A profit from selling an accessory for Rs. 18,000 is the

    same as the loss when it is sold for Rs. 12,000. If the cost price had increased by Rs. 4,000 and it was sold at a loss of 20%, what would have been the selling price?
    A Rs.18,000 Correct Answer Incorrect Answer
    B Rs.15,200 Correct Answer Incorrect Answer
    C Rs.12,080 Correct Answer Incorrect Answer
    D Rs.26,080 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the accessory be Rs. 'c'. Profit = Loss implies: 18000 - c = c - 12000 Or, 2c = 30000 Or, 'c' = (30000 / 2) = 15000 New cost price = 15000 + 4000 = Rs. 19,000 Required selling price at 20% loss = 0.80 × 19000 = Rs. 15,200

    Practice Next