On selling 24 balls at Rs.950, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
Answer & explanation
Correct answer: option 2
Loss = C.P. - S.P.
C.P. of 5 = C.P. of 24 - S.P. of 24
C.P. of 19 = S.P. of 24
Here, S.P. of 24 balls = Rs.950 (given)
Therefore.
C.P. of 19 balls = Rs. 950
C.P. of 1 ball = \(\frac{950}{19}\) = Rs.50