Question
The cost price of a sugar bag is
(250/7)% of the selling price of a rice bag. The sugar bag is sold at a 40% profit, and its cost price is Rs. 15 more than the cost price of the rice bag. If the cost price of the sugar bag is equal to the selling price of the rice bag, find the cost price of the rice bag.Solution
ATQ, Let cost price of item ‘Sugar bag’ = Rs. ‘x’ = selling price of item ‘Rice bag’ Selling price of item ‘Sugar bag’ = 1.40 × x = Rs. ‘1.4x’ So, cost price of item ‘Rice bag’ = (5/14) × 1.4x = Rs. ‘0.5x’ ATQ, x = 0.5x + 15 Or, 0.5x = 15 Or, x = 30 So, cost price of item ‘Rice bag’ = 0.5x = 0.5 × 30 = Rs. 15
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