A sold an article for ₹1495 at a profit of 15%. He purchased another article having cost price equal to the previous article. He sold this new article at a profit of 10%. How much total profit has A earned?
Answer & explanation
Correct answer: option 1
⇒ The cost price of the first article = \(\frac{1495}{115}\) × 100 = 1300
⇒ Profit on first article = 1495 – 1300 = Rs. 195
⇒ The cost price of the second article = Rs. 1300
⇒ The selling price of the second article = 1300 × \(\frac{110}{100}\) = Rs. 1430
⇒ Profit in second article = 1430 – 1300 = Rs. 130
⇒ Total profit = 195 + 130 = Rs. 325