New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    In the question, two Quantities I and II are given. You have to solve both the Quantity to establish the correct relation between Quantity-I and Quantity-II and choose the correct option.

    Quantity I: The marked price

    (MRP) of an item is 30% higher than its cost price (CP). The item was sold after providing a discount of Rs. 290. If the cost price of the item is Rs. 1800, determine the selling price (SP) of the item. Quantity II: 'P' purchased a second-hand phone for Rs. 1700 and spent Rs. 140 on repairs. He sold the phone at a profit of 12%. Calculate the price at which 'P' sold the phone.
    A Quantity-I > Quantity-II Correct Answer Incorrect Answer
    B Quantity-I < Quantity-II Correct Answer Incorrect Answer
    C Quantity-I ≥ Quantity-II Correct Answer Incorrect Answer
    D Quantity-1 ≤ Quantity-II Correct Answer Incorrect Answer
    E Quantity-I = Quantity-II or No relation Correct Answer Incorrect Answer

    Solution

    ATQ, Quantity I: MRP of item = 1.3 × 1,800 = Rs. 2,340 Therefore, SP of item = 2,340 - 290 = Rs. 2,050 So, Quantity I = Rs. 2,050 Quantity II: Actual CP of second-hand phone for 'P' = 1,700 + 140 = Rs. 1,840 SP of second-hand phone for 'P' = 1.12 × 1,840 = Rs. 2,060.8 So, Quantity II = Rs. 2,060.8 Therefore, Quantity-I < Quantity-II

    Practice Next

    Relevant for Exams: