A shopkeeper buys two articles for Rs. 1500 in total. He sells the first at a 20% profit and the second at a 10% loss. If his overall profit is Rs. 90, find the cost price of the first article. MCQ with Answer and Explanation
A shopkeeper buys two articles for Rs. 1500 in total. He sells the first at a 20% profit and the second at a 10% loss. If his overall profit is Rs. 90, find the cost price of the first article.
A. Rs. 800
B. Rs. 1000
C. Rs. 900
D. Rs. 700
Answer: Option A
Solution (By JKSSB Mock Tests)
Let CP of first = x. CP of second = 1500 - x. Profit = 0.20x - 0.10(1500 - x) = 90. 0.30x - 150 = 90. 0.30x = 240. x = 800.
No comments yet. Be the first to start the discussion!