If an article is sold at 12.5% gain instead of 16\(\frac{2}{3}\)% loss, the man gains Rs. 1533 more. Find the selling price when sold at 10%.
Answer & explanation
Correct answer: option 1
16\(\frac{2}{3}\)% (Loss) = \(\frac{1}{6}\)
CP : SP1 = 6 : 5 ............(i)
12\(\frac{1}{2}\)% (Profit) = \(\frac{1}{8}\)
CP : SP2 = 8 : 9 ............(ii)
Comparing (i) and (ii)
SP1 : CP : SP2 = 20 : 24 : 27
ATQ,
⇒ 27R - 20R = 1533
⇒ 7R = 1533
⇒ 1R = 219
So, C.P. = 24 × 219 = 5256, and
S.P. @10% profit = 5256 × \(\frac{110}{100}\) = 5781.6