Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Dhar bought two articles A and B at a total cost of ₹ 8000. He sold article A at 20\% profit and article B at 12\% loss. In the whole deal he made no gain and no loss. At what price should Dhar have sold article B to make an overall profit of 25\%? [RBI Gr. 'B' (Phase I) Exam, 2015]
(a)₹ 5200
(b)₹ 5800
(c)₹ 6400
(d)₹ 6200
Answer
Answer (as printed): C
Explanation
Cost Price of two articles A and B = ` 8000 20 The cost price of B = × 8000 = 5000 32 12 The cost price of A = × 8000 = 3000 32 Since, he sold article A at 20% profit, (100 + gain %) Hence, selling price of A = CP × 100 120 = 3000 × 100 = ` 3600 Since article B sold at 12% loss, Hence, selling price of article B (100 − loss%) = CP × 100 5000 × 88 = 100 = ` 4400 Dhar wants to make an overall profit of 25% 8000 × 25 Total sale price of both article = 8000 + = 1000 100 Sale price of article B = ` (10000 – 3600) = ` 6400
Explanation as extracted from the printed page; notation may be imperfect.