New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A merchant sells two items, 'X' and 'Y'. The cost price ratio of item 'X' to item 'Y' is '3:5'. The profit earned on selling item 'X' is 35%, while on item 'Y', it is 24%. If the combined selling price of item 'X' and item 'Y' amounts to Rs. 16,400, determine the total profit earned from selling both items.

    A Rs.3,650 Correct Answer Incorrect Answer
    B Rs.2,600 Correct Answer Incorrect Answer
    C Rs.3,600 Correct Answer Incorrect Answer
    D Rs.1,700 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of item 'X' and item 'Y' be, Rs. '300a' and Rs. '500a', respectively. ATQ, Sum of selling price of item 'X' and item 'Y' = (1.35 × 300a) + (1.24 × 500a) = 16400 Or, 405a + 620a = 16400 So, a = (16400/1025) = 16 Sum of cost price of item 'X' and item 'Y' = 300a + 500a = Rs. '800a' = 800 × 16 = Rs. 12,800 Sum of profit received on selling item 'X' and 'Y' = 16400 - 12800 = Rs.3,600

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