Practicing Success
If 12% of the cost price of a good is same as 10% of its selling price and 15% of the cost price is ₹10 more than the 12% of the selling price then what is its selling price. |
₹4,000 ₹3,000 ₹2,000 ₹1,000 |
₹2,000 |
12% of the cost price of a good is same as 10% of its selling price 12% CP = 10% SP 12 CP = 10 SP ----(1) 15% of the cost price is ₹10 more than the 12% of the selling price 15%CP = 12%SP + 10 15CP = 12SP + 1000 ----(2) multiply equation 1 by 6 and equation 2 by 5 , and then subtract 72CP - 75CP = - 5000 3CP = 50 put in equation 1 , 4 × 5000 = 10 SP 10SP = 20000 SP = 2000 The correct answer is Option (3) → ₹2,000 |