ABC26GN2659 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2004 · Marks: · Difficulty:

On selling 17 balls at ₹ 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is

(a)₹ 45

(b)₹ 50

(c)₹ 55

(d)₹ 60

Answer

Answer (as printed): D

Explanation

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls) ⇒ C.P. of 12 balls = S.P. of 17 balls = ₹ 720 $$\text { ⇒ C.P. of } 1 \text { ball }=₹\left(\frac{720}{12}\right)=₹ 60 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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