Practicing Success
Article 1 is sold for ₹180. Article 2 is sold for ₹240. The profit on article 1 is 20% and loss on article 2 is 20%, What is the sum of cost prices of the two articles? |
₹450 ₹480 ₹520 ₹400 |
₹450 |
Selling price of article 1 = Rs. 180 The profit on article 1 = 20% 180 = cost price × 120% Cost price = Rs.150 Selling price of article 2 = Rs. 240 The loss on article 2 = 20% 240 = cost price × 80% Cost price = Rs. 300 ⇒ The sum of cost prices of the two articles = 150 + 300 = Rs. 450 |