New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Article A is sold at a loss of 33.33% of its selling

    price, and Article B is sold at a profit of 40% of its cost price. Both articles are sold for the same price. Given that there is an overall loss of Rs. 250, find the difference in the cost price of the two articles.
    A Rs. 3550 Correct Answer Incorrect Answer
    B Rs. 3400 Correct Answer Incorrect Answer
    C Rs. 3250 Correct Answer Incorrect Answer
    D Rs. 3050 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Article A sold at 33.33% loss of SP, So CP of A – SP of A = 1/3 of (SP of A) So for article A, CP: SP = 4:3 Similarly for article B, CP: SP = 5:7 Selling price of A and B is same So CP: SP for A = 28: 21 CP: SP for B = 15: 21 There is an overall loss of Rs. 250 So (28 + 15) units – (21 + 21) units = 250 1 unit = 250 Required difference = (28 – 15) units x 250 = 13 x 250 = Rs. 3250 Hence answer is option C

    Practice Next