Study the given table and answer the question that follows.
The table shows the marked prices (in ₹) and percentages of discount offered for five different products.
|
Product |
Marked price |
Discount % |
|
P |
750 |
12 |
|
Q |
900 |
15 |
|
R |
1,020 |
30 |
|
S |
1,200 |
25 |
|
T |
590 |
10 |
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?
Answer & explanation
Correct answer: option 3
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