Practicing Success
Study the given table and answer the question that follows.
If product Q is sold at 53% profit and product S is sold at 80% profit, then what will be the sum of the cost prices of Q and S? |
₹1,100 ₹800 ₹1,000 ₹1,200 |
₹1,000 |
Selling price of Q = \(\frac{100 }{85}\) × 900 = \(\frac{17 }{20}\) × 900 = 765 Q is sold at 53% profit . So , 153% of cost price = 765 Cost price = \(\frac{765 }{153}\) × 100 = 500 Selling price of S = \(\frac{75 }{100}\) × 1200 = \(\frac{3 }{4}\) × 1200 = 900 S is sold at 80% profit . So , 180% of cost price = 900 Cost price = \(\frac{900 }{180}\) × 100 = 500 So , Sum of cost price of Q and S = 500 + 500 = 1000 |